In 2020, the automotive tires market revenue reached $102 billion in 2020. Market researchers predict that this industry will reach $122 billion by 2026 at a CAGR of 3% over the forecast period.
There are many types of tires in the market that serve different needs. For instance, you’ll get all season, summer, winter, and touring tires, among others.
So, understanding the best time of year to buy tires is essential. But, how do you decide when is a good time to buy new tires?
Read on to learn when to buy new tires.
In most places around the world, April marks the beginning of the vacation and travel season. During this period, kids break from their respective school sessions.
Besides, most families begin preparing for the summer road trips during April. As a result, car owners flock to tire shops to make new purchases.
With that, competition among local car wheels dealers and installers increases significantly. So, you’ll most likely get plenty of great offers and discounts from dealers trying to capitalize on the tire rush.
October is the best time to buy tires for the winter season. Like in April, the chances are high that you’ll get the best deals in the market.
Manufacturers and tire dealers lower prices and provide special offers due to the expected high competition. In April and October, tire stores offer discounts of between 5 to 15% on the prices.
You’ll also find other shops giving out rebates of about $200 after purchasing a complete set of four tires.
Buy Tires Before You Need Them
According to the National Highway Safety Administration, car owners should replace car tires every 6 to 10 years. This might seem like a good standard to start with.
You should consider buying tires depending on how worn out they are. The quality and lifespan of your tire will vary depending on where you made the last purchase.
Worn-out tires can get you stranded on the highway, causing you a lot of inconveniences. Having an extra tire in your car will always keep you on the safe side.
You won’t have to worry about incurring extra towing expenses or buying new tires during emergencies at inflated prices.
What to Look for When Buying Tires
Tire shopping can be a daunting task. However, you can have a bearable experience when you learn how to secure the best deals.
It’s advisable to seek advice from your mechanic to make informed decisions. You’ll know the right tire sizes for your car and the best dealers to source from.
You should also check the threads on the tires you want to buy. Ensure your tire threads best suit the purpose you intend to use your car for.
The Best Time of Year to Buy Tires
Planning is vital when it comes to tire shopping. Staying ahead of your tires implies staying on top of your tire condition.
It’s recommendable to schedule a health check-up on your tires at different times. This will help you plan on the best time of year to buy tires.
Check out our blog to help you learn more about when is the best time to buy tires.