WASHINGTON-The slide in wholesale tire prices slowed in most categories during February, with passenger tire prices slipping 1 percent for the month, compared with a 2.3-percent drop in January. According to data compiled by the U.S. Department of Labor, prices in virtually all tire categories fell during February.
Truck and bus tires, including off-highway tires, dropped 1.5 percent for the month and 2.5 percent from February 1995; all-season car tires slid 1.7 percent for the month and 3.1 percent for the year.
Light truck radial prices, which skidded 1.1 percent in February, experienced the greatest decline over the past year-6.3 percent. In contrast, wholesale prices of bias light truck tires climbed 3.8 percent in the yearly comparison.
Prices of tread rubber and repair materials remained unchanged for the month but stood 1.1 percent higher for the three-month period and were 2.5 percent ahead of year-ago levels.