WASHINGTON-Wholesale tire prices remained sluggish in April, according to the latest statistics compiled by the U.S. Department of Labor. Overall, prices of passenger tires held even despite 0.1-percent gains in both the radial and all-season categories. For the year, passenger tire prices remained 5.3 percent below the year-earlier period.
Truck/bus tires fared even worse, taking an overall dip of 1 percent in the month. Prices of highway light truck radials led the downward trend, falling 3.1 percent from March levels.
For the year, truck/bus tire prices were down 2.9 percent.
Prices of other pneumatic and all-solid tires, up 5.2 percent for the year, fell 0.2 percent in April.
Prices of tread rubber were unchanged in both the one-month and 12-month comparisons, but prices of tire repair materials and tire sundries climbed 1.3 percent for the month and 6.2 percent for the year.