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05-07-2021, 07:23 AM | #1 |
Scooby Guru
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Possible Tire Shortage
It's important to state right up front that there's no rubber or tire shortage in the United States just yet.
However, for the future-minded, all the pieces are in place for one to hit the auto industry in the near future. For now, tire companies including Continental, Goodyear, and Bridgestone all say they have enough supply and production is rolling along. If you have enough to worry about, then don't spare a thought for all the rubber tires needed in the auto industry. On the seemingly never-ending list of things that are causing headaches for automobile production plants—COVID precautions; a semiconductor chip shortage; even too few tanker-truck drivers, which could mean a gasoline shortage this summer—we can now add tires. It's not a full-blown problem just yet, but tire manufacturers are keeping an eye on the situation. Bloomberg has reported that the supply of natural rubber, which comes from rubber trees mostly grown in Southeast Asia, is about to get harder to find. There are a number of reasons, but the main one is that supply was high recently and, because of COVID-19, rubber producers were not able to plant new rubber trees as they otherwise would have. Since these trees take seven years to mature and leaf disease and flooding have affected the trees that offer the current rubber supply, the supply is dropping. Add to that higher demand from China, which is the largest consumer of natural rubber in the world and is bouncing back from the pandemic before other major industrial countries, and a lack of shipping containers, and you have a situation where the forecasters can see trouble on the horizon. According to Bloomberg, rubber prices hit a four-year high in February. News reports suggest that domestic tire manufacturing is running as scheduled with a rubber supply that remains solid, for now. Continental told the South Carolina–based Post and Courier that it is not seeing a "widespread shortage" at the moment. "There are natural ebbs and flows with this commodity, but short-term no major shortages," a spokesperson said. Goodyear gave CNBC a similar statement, saying: "We are not currently experiencing supply limitations on natural rubber. While we experienced tight supply late last year during the industry ramp up, we took proactive measures that ensured Goodyear's rubber supply met our factory needs." This content is imported from Twitter. You may be able to find the same content in another format, or you may be able to find more information, at their web site. And Bridgestone Americas president and CEO Paolo Ferrari told CNBC that Bridgestone has also not yet been affected by the shortage nor had to stop any production. He did say his team is keeping an eye on the supply chain and flagging certain items with a red/yellow/green coding system. Commercial tire demand remained high through the pandemic thus far, he said, but the need for passenger vehicle tires did, obviously, drop some. "2020 was a reasonable year, all things considered," he said. As for 2021, a source told Bloomberg that "[The rubber supply is] definitely tightening up. It's nowhere near the level of the chip shortage from our perspective so far, but it's definitely brewing."
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05-07-2021, 07:48 AM | #2 |
Scooby Newbie
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Oh no!!! CONDOMS, what about the condoms??? I'd better stock up right now!
Wait a minute... I'm over 50 and married with children... Scratch that. Carry on. Brandon |
05-07-2021, 12:16 PM | #3 |
Scooby Guru
Member#: 139693
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05-07-2021, 12:40 PM | #4 |
Scooby Specialist
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Join Date: Oct 2018
Location: A car lounge in the midwest
Vehicle:19 WRX 16 STI 17Mk7R 20Supra 20Forester |
Semiconductor shortage has taken quite a toll, steel prices gone up, now this..
I'm glad I have a spare set of SuperSports for my A90 as I do not have a spare wheel set for the car (yet). My other cars are covered... well, Forester can use whatever tire is available. |
05-07-2021, 02:09 PM | #5 |
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wait until you see the prices for your Woodie going through the roof
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05-07-2021, 04:09 PM | #6 | |
Scooby Guru
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Small local mom and pop startup is stepping up to meet demand.
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05-07-2021, 04:28 PM | #7 |
Scooby Specialist
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05-07-2021, 04:39 PM | #8 | |
Scooby Guru
Member#: 67807
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Why not? This article is from 2009:
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05-07-2021, 07:32 PM | #9 |
Scooby Specialist
Member#: 492327
Join Date: Oct 2018
Location: A car lounge in the midwest
Vehicle:19 WRX 16 STI 17Mk7R 20Supra 20Forester |
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05-08-2021, 12:22 PM | #10 |
Scooby Specialist
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everything you buy will jump in prices big time especially EVs . copper and all metals record highs, food too
https://www.wsj.com/articles/bets-on...gh-11620384716 |
05-08-2021, 12:52 PM | #11 |
Scooby Specialist
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Here's why that's a good thing.
-New York Times Probably |
05-08-2021, 09:14 PM | #12 |
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Price increases are already here. I've been keeping an eye on tires for awhile as I had recently ordered some new wheels (just arrived today after a few months of waiting) and I will be getting some new rubber for them pretty soon.
Last time I bought tires was about 2.5 years ago, Falken Azenis FK510s in 265/35/18. At the time they were around $165 per tire on TireRack. Last month they were around $189. I checked last night and now they are $209 per tire. A few other tire models I've been keeping an eye on are also around $20-30 more per tire than they were a month or two ago. |
05-09-2021, 03:05 PM | #13 |
Scooby Guru
Member#: 139693
Join Date: Feb 2007
Vehicle:Dura ngo 95 horrorshow |
Good example to learn from for some of you. I front load tire buys. I'll buy them even when I don't need them watching mfr rebates (prepaid Visas) and combining those with DT rebates (prepaid Visas). My last set of Conti's I banged both visas at the same time, got DT to match TR pricing also. I have two tire racks in my garage bolted to the walls. One is for the performance car and it's empty (usually holds my winter wheel set also) and the other is for motorcycle tires. I think I have 3 sets of Bridgestones sitting on that rack right now. Tires are still in the shipping plastic wrap so no air is hurting them and they are not sitting on the ground.
July 4th is usually when the best deals are. That and Memorial/Labor day. That's always when I see the combo deals between mfr and DT. I've done this so many times that the local DT will get a new manager and he'll say "I don't know if you can do both deals at the same time and I'm like yeah you can, done it before mf'er. Order my ish. This year is screwed like last year but 2022 the deals will be back. |
05-10-2021, 11:42 AM | #14 |
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We need a TSMC level chip fab in the U.S. I feel it's a national security interest beyond just a worldwide supply issue.
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05-10-2021, 11:51 AM | #15 | |
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05-10-2021, 06:19 PM | #16 | |
Scooby Guru
Member#: 139693
Join Date: Feb 2007
Vehicle:Dura ngo 95 horrorshow |
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