THE TYRE MARKET.

Auckland Star, Volume LXII, Issue 103, 4 May 1931, Page 4

THE TYRE MARKET.

"CUT" IN HOME PRICES. The costs of motoring will be further reduced by the decline in the price of tyros says a London paper. A 7% per cent "cut" in the price of standard motor cars tyres, giant pneumatic tyres, and motor cycle tyres, together with a reduction of 3 per cent to 4 per cent in second grade tyres, was also announced bv the Dunlop, Goodyear and other companies. The Goodyear company is controlled by the Goodyear Tyre and Rubber Company of the United States. Ihe latter has just celebrated the inauguration ot a local factory in the Argentine with a reduction in tyre prices, as from l< ebruary 1, of 10 per cent. It is hoped that further reductions will be possible, as production increases. Last year the total exports of British tvres were valued at £4,500,000, compared with £4,300,000 in 1929, and £3,610,000 in 1928. Tyre manufacturers have found that motoriste during the dyepression have been making their tyres last longer before renewal. In America the average rate of tyre replacements last year was only I.GS per car, against 2.11 in 1929 and 2.50 in 1928. The reduction in the prices of new tyres will counteract this development.