Car tires price cycle

Just last year ie 2016 Tires were more profitable than Mercedes due to falling raw material costs.

The raw material costs of oil, synthetic rubber and natural rubber have caused the tire manufacturers to raise the prices in the beginning of the year.

//fred.stlouisfed.org/graph/graph-landing.php?g=fB00&width=670&height=475

Producer Price Index of Tire Manufacturing shows the increase.

How high will they go?

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