WASHINGTON-Though largely unchanged from February, wholesale tire prices in March generally fell compared with year-end 1993 prices, as well as with those of 12 months ago. For the first three months of 1994, the average price of a radial passenger tire slid 0.4 percent, according to the Producer Price Index issued by the Labor Department's Bureau of Labor Statistics.
Prices of medium/heavy truck tires showed little change during the quarter, though prices of radials dived 4.5 percent compared with March 1993 levels.
Light truck tire prices showed a three-month drop of 0.9 percent in the case of radials; 0.5 percent for non-radials.
Prices of industrial and utility tires slipped 0.7 percent, but were up 3.1 percent in the 12-month comparison.
Tread rubber prices were unchanged, but those of tire repair materials and sundries skidded 2.2 percent. The latter, however, rose 2.6 percent in the 12 months.