WASHINGTON—Wholesale passenger tire prices slid 1.9 percent from September to October, representing a 6.6- percent drop from a year ago, according to data from the U.S. Department of Labor. Prices for radial passenger tires, in particular, experienced a slightly greater decrease of 2.1 percent for the month and 6.8 percent for the year.
Prices for truck and bus tires were unchanged in October but off 2.8 percent for the 12-month period. Data was unavailable for light truck tires.
The only wholesale price increases experienced in October were for industrial and highway solid tires, which edged up 0.5 percent for the month but represented a 3.8-percent drop from a year ago, and the category of ``other pneumatic and solid tires,'' which rose 0.1 percent for the month but was down 9.2 percent from the year-earlier period.
Tread rubber, sundries and repair materials prices were stable for the month and 0.5 percent higher than a year ago.