Recently, many car owners who are ready to change tires have found that the prices of Dunlop, Ma, Yokohama and other brands have dropped by about 20%. Currently, the most mainstream economical car tires on the market are R14-16-inch specifications. Concentrated between 175-215, the decline ranged from 80 yuan to 150 yuan. Some of the online tires have lower promotional prices, and a domestic brand tire is even nearly half cheaper than the same period last year.
In the Bohai Sea Auto Parts City, a number of auto parts shop tires have cut prices. The owner of the FAW distribution store told the reporter that the Yokohama 205/55R16 tires were used as an example. Last year, the price was around 650 yuan, and this year was about 550 yuan. If you replace four tires, you will earn 400 yuan this year.
According to industry insiders, the sharp drop in prices of rubber has pushed the tire market down. The cost of raw rubber (including natural rubber and synthetic rubber) accounts for 60% to 70% of the cost of a tire. The price of raw materials for tires this year is 40% lower than last year. With this effect, the overall price of tires has dropped by more than 20% and continues to decline. In addition, insufficient tire demand has also led to price declines. From the pressure of environmental protection, the mining and transportation industry in the Beijing-Tianjin-Hebei region has shrunk this year, and the demand for tires for large-scale construction vehicles has declined, resulting in excess tire inventory. Most of the tire companies are now full of tires. High stocks and insufficient demand have also accelerated the decline in tire prices.
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