Tire prices have increased in recent years due to several factors, including:
- Global demand for tires has increased as economies have grown and more people have purchased cars.
- The cost of raw materials, such as rubber and petroleum-based products, has increased.
- Tire manufacturers have invested in new technologies and equipment to improve safety, performance, and efficiency, which has added to the cost of producing tires.
- Tariffs and other trade restrictions have also contributed to higher tire prices.
