WASHINGTON-Wholesale tire prices were largely unchanged last October, compared with the previous month, with one major exception-medium/heavy truck radials-where prices plunged 4.1 percent. This category also had the largest decrease when compared with October 1992 prices-6.5 percent-according to the most recent Producer Price Index from the Labor Department's Bureau of Labor Statistics.
Average prices of all truck tires, radial and non-radial (including light truck), slid 1 percent from September to October and 2.1 percent in the 12 months.
Passenger radials were unchanged in the month and average prices edged up only 0.4 percent over the 12 months. Prices of 15-inch radials, however, did fall 2.1 percent in the year.
In the 12-month comparison, the greatest increase came in the industrial/utility tire segment, where average wholesale prices grew 2.1 percent.