Many tire dealers in Zhengzhou received price increase notices, and agents increased prices 5 times in 5 months

It is reported that since October 2020, tire prices have continued to rise, and more than 80 domestic and foreign manufacturers have issued price increase notices to dealers.

According to the Henan agent of Zhongce Rubber's Quannuo Tire, the price of commercial vehicle (truck) tires of Zhongce Rubber has increased by 14% to 17% in the five months since October 2020

Phenomenon Many tire dealers in Zhengzhou received notice of price increase from manufacturers

Since its establishment, Zhengzhou Anlucheng Tire Co.

Zheng Yingchun sells Xingyuan tires in Shandong.

Wang Chao is the general agent of Zhongce Rubber All-Nuo Tire in Henan

This is also mentioned by the above-mentioned dealers that the export volume of Chinese tires has pushed up prices
.

Affect the vigorous automobile consumption and promote the increase of tire sales

Data from the China Association of Automobile Manufacturers shows that China's car ownership is increasing year by year
.
In 2020, China's car ownership will reach 281 million vehicles, an increase of 21 million vehicles from 2019, a year-on-year increase of 8.
08%
.

The data also shows that China's auto production in 2020 will be 25.
225 million, and sales will be 25.
311 million
.

Xu Haidong, deputy chief engineer of the China Automobile Association, predicts that in 2021, China's total automobile sales may reach 26.
3 million vehicles, a positive growth of 4% year-on-year
.

Tires are important parts of automobiles, and the rapid growth of new car sales is first of all a major benefit to existing tire supporting companies
.
Secondly, it will continue to expand the number of cars in China, thereby expanding the scale of the entire automotive aftermarket and benefiting the entire tire industry and practitioners in the automotive aftermarket
.

According to data from the professional version of Tianyancha, as of February 23, 2021, there are currently 17,000 tire sales-related companies in Henan Province that are active, surviving, moving in, or moving out
.
Subject to industrial and commercial registration, Henan Province will add nearly 3,000 tire sales-related companies in 2020, a year-on-year increase of 16%
.

From a nationwide perspective, in 2020, China will add 77,000 tire sales-related companies, a year-on-year increase of 31%
.

Waves of price increases may not be a bad thing for dealers, but rather business opportunities
.

So, when will this wave of price increases come back?

Zheng Yingchun predicted that it might be relieved in May and June this year
.