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Perhaps you are the most cautious of the drivers and pay average attention to vehicle tyre maintenance, however, when the tread starts to wear, there could be no other choice except to trade your vehicle tyres for better ones to achieve higher performance.
Be that as it may, when the tyres begin running out of grip when you are cornering, slowing down or driving in a rainstorm climate, the time has come to get the substitutions in.
Tyres are the most disregarded significant part of a vehicle, neglected generally in light of the fact that vehicles obviously come with it and they are not given a lot of consideration to, except if they face any damage or the time has come to replace them.
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It should be noticed that your vehicle is intended to run on specifically designed tyres and installing any other tyre will simply not work. The principal reason tyres need changing is that the tread breaks down. The base legal depth for a vehicle tyre tread is 1.6mm. A simple method for estimating this is to keep a coin facing up in the tread groove. Assuming the rim around its edge sticks out, your tyre needs more tread.
However, when it comes to replacement, there are tyre costs involved. What decides the price of any car or bike tyre? The cost of a tyre plays a major role in deciding which tyre you should install in the car. Let us look at a few factors that are important in deciding the price of any car tyre.
Factors That Decide The Price Of Any Car Or Bike Tyre
There are several key factors that play a major role in deciding the price of any car or bike tyre. The manufacturing costs are usually lower than what it costs the consumers. However, we are focusing on the market price of the tyre – the price at which the average customer purchases the tyre.
Here are a few factors that decide the price of any car or bike tyre:
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Material Used
The number one factor that decides the price of any car or bike tyre is the compound or material used in its construction. Silica and nylon compounds cost much more than simple rubber compounds. Therefore, the price of such tyres is likely to be higher than the regular ones. The manufacturing cost, overhead costs, and other factory costs also play a significant role in determining the price of any car or bike tyre.
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Bike/Car Make
The manufacturer of the car or bike tyres may also decide the price of any tyre. For example, Audi and Ducati manufacturers won’t use CEAT tyres. They would use high-end Michelin tyres that offer excellent performance and safety. Similarly, car manufacturers like Toyota and Hyundai utilize cheaper tyres to keep the cost low and provide decent enough performance.
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Market Demand
The customer will actually want to pay a particular cost for a tyre. The dealer will attempt to match that cost. Assuming that they charge more, they will lose clients, and consequently a few deals. Assuming they charge less, the client will be blissful, deals will increment, yet they will lose some net revenue. The company needs to choose what direction to head. Therefore, market demand plays a major role in deciding the price of any car or bike tyre.
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Tyre Type (Tube or Tubeless)
The difference in the price of tube-type and tubeless tyres is visible. While tube-type tyres provide extra cushioning and provide a comfortable ride, they are much more prone to punctures and damage. On the other hand, tubeless tyres are priced higher than tubeless ones because they are much safer than tube-type tyres. They run for long distances with ease and provide a superior driving experience as well.
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Competition
One of the most significant factors that decide the price of any car or bike tyre is the competition. It heavily influences the consumer’s decision to buy a specific tyre as well. When there are close substitutes available, the competition will drop the price and reach a point of equilibrium with others. However, several companies continue to charge a premium price because they differentiate the product with a unique appeal. The main thing is that companies will charge customers the price based on their product quality and whether the competition can match it or not.
Conclusion
The price of any car or bike tyre is a major factor in deciding whether to purchase it or not. Every company has a different pricing strategy that it follows while pricing the tyre. However, the consumer’s focus should be to get the best quality and the recommended tyres for their vehicle. It is not necessary to go for OE tyres because they are easily and cheaply available – there are much better options available in the market that can improve the performance of your vehicle.
