WASHINGTON-Regardless of the price hikes manufacturers may have announced for 1993, wholesale tire prices fell in nearly every category during the year, according to the most recent Producer Price Index from the U.S. Labor Department's Bureau of Labor Statistics. About the only exception was in the industrial and utility tire category, where prices climbed 3.9 percent from December 1992 to December 1993.
Prices of radial passenger tires slid 2.3 percent on average, while those of all-season models fared slight worse, dropping 2.7 percent.
Prices of medium/heavy truck radials took the biggest hit, diving 6.9 percent for the year. Light truck radials slipped 2 percent.
Non-radials fared somewhat better. Overall, prices of non-radial light, medium and heavy truck tires lost just 1 percent.
Tread rubber prices edged down 0.5 percent, but those of tire repair materials and sundries climbed 4.9 percent.