Syracuse, N.Y.--It sounds like a pun. Inflation is bad for tires.
On average, the price of an individual tire is up $2 from last year. Chinese made tires have seen a more significant price increase because of a 35 percent tariff on foreign manufacturers passed by the federal government in September. Chinese tires make up 17 percent of all tires sold in the United States each year.
Some retailers also attributed the price increase to rising transportation costs and the fact that more expensive tires are being put on passenger cars by the original manufacturer. As a result, it is more expensive to replace those tires when they wear out.
With winter just around the corner, many Central New Yorkers have yet to buy snow tires. Local retailers say this year they see a noticeable increase in people "shopping around" for tires rather than buying.
One employee at Kost-Tire Muffler at Syracuse says the price of snow tires also might be increasing as a result of a higher demand for them among Canadians.
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Learn more about the tires shown in this story here.
Watch KUSA's Kevin Torres' story on tires.
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