Tyre prices may increase due to rising material costs
We could soon be paying more for our tyres, or at the very least Pirelli tyres, according to its CEO Francesco Gori.
He says price increases should not be unexpected sometime in the second half of this year, thanks to Pirelli having to compensate for rising raw material costs. Despite improving its internal efficiency to cut costs, apparently raw materials have increased so much in price that a price increase is inevitable if the cost of raw materials continue to rise.
If Pirelli is indeed facing this problem, expect all the other tyre manufacturers to have the same thing on their minds as well, and in the end it is the consumers whose wallets burn when its time for a change of tyres. Let’s prepare to ubah gaya hidup!
May 27, 2008 @ 7:19 am
It’s already went up a year ago Mr. Paul. High input cost. maybe it will slow down after this due to low demand from China who try to stand back after the earthquake.
May 27, 2008 @ 7:28 am
Thats curtians for track days. Right now its already expensive enough to have one set of tyres last about 1-2 track days. Have to start looking for sponsors.
Fuel is going up, tyre prices are going up….
May 27, 2008 @ 8:29 am
If the increase around 2-5%, its a bit okay. But its a big no-no if its >10% increase.
May 27, 2008 @ 9:45 am
I went to Eneos Kepong last weekend and found out most brands had already increased some 10% on top of the normal price
May 27, 2008 @ 3:06 pm
simple solution,use back the old kancils….
May 27, 2008 @ 6:50 pm
How about re-tread? Many lorries are doing this and this is why we saw so many tyre skin on our road.
May 27, 2008 @ 9:16 pm
I can see 100 years time, where drifting is an extinct sport cause too expansive to produce tyres
May 28, 2008 @ 1:34 am
drive slow-slow, brake slow-slow, corner slow-slow….hopefully tyre wear can be slow-slow oso.
May 28, 2008 @ 3:10 pm
Sigh! Does that mean no artistically arousing calendars from Pirelli for 2009?
Actually, how often do we change tyres?