The average price of a pair of Michelin Pilot Super Sport tires is now $1,000 cheaper than last year’s model year, according to a report from Axios.
A tire company that provides tires for major automakers is the only one that would be affected by the change.
Tire prices have been rising at a fast pace in recent years, and this year’s inflation rate is at least twice as high as the last three years.
Tire manufacturers can be hit hard by inflation because inflation-adjusted prices can be affected differently by different types of inflation, such as the price of energy in a particular year.
The average annual inflation rate for tire companies is 2.7%, which means that the inflation rate on tires has increased about 25% over the last five years.
While this year is likely to be a rough one for tire prices on the entire country, a large number of tire companies are making significant changes.
Some of the changes will be for the better.
Some are being made to save money, while others will be made to increase performance.