Consumer demand for passenger and light truck tires rose on a net basis in October 2022 versus the same month in ‘21. Twenty percent of dealers saw positive demand year-over-year, which compares to lower readings the previous two months. This is the largest increase seen since March 2022. While dealers expect to see fewer price increases in 2023, they indicate that earlier price hikes have continued to impact demand. That said, recent rebates from tire manufacturers have lured more buyers into shops, aiding positive year-year-over volume. Many customers have been deferring auto repair and maintenance services due to the rising cost environment. Tire tier research indicates that this deferment period may be nearing the end and consumers are favoring higher-tier products as a result.