A tire shortage is putting pressure on retailers and inflating prices for customers.
"The price that we're paying for tires has went up exponentially and it is a month-to-month problem," said Michelle McCurdy, general manager of Hamad Tire and Auto Service in Akron.
As a result, the sticker shock is being passed along to customers. For example, the out-the-door price of four tires for Hamad's economy-priced tire is around $580 compared to $388 in the fall. McCurdy said delays in making tires overseas, mostly from Taiwan, and backups at U.S. shipping channels are two of the driving forces behind the tire shortage.
"I think this is going to be an issue for a while. We're going to have some stickiness with the pandemic, with fixing supply chains," Weinstein said."We've all started driving more and with driving more comes an increased use in tires and so over the past two years, we didn't have as many needs to replace those tires," Weinstein said.
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