Posted by Vittoria Tires on May 14th 2019
Vittoria Holds Prices despite Chinese Tariffs
Salem, MA –
As the effects of the recent Chinese tariffs begin to take hold on the bicycle
industry, Vittoria is one brand that stands firm on pricing.
With well-established manufacturing in Thailand, Vittoria has insulated itself
from the distributor, dealer, and consumer challenges that will face virtually
all major competitive tire brands in the wake of Friday’s tariff roll out. While
other brands will be forced to pass on increased prices through a retail chain,
Vittoria will maintain pricing, and continue to provide industry-leading margins
at all levels.
“We can’t simply assume that dealers will be able to absorb the loss in
margin, nor can we expect consumers to suddenly pay more than they are
accustomed to for the same goods,” said EJ Riordan, President, Vittoria
Industries North America. “Unfortunately, this tariff will impact the
independent bicycle dealer, but now more than ever, Vittoria offers a strong
alternative in terms of both price and performance.”
Beyond stable pricing, Thailand has long been revered as a quality
manufacturing source for tires of all types, from automobile to bicycle and
beyond.
In fact, Vittoria’s own factory, Lion Tires Thailand (LTT), produces more
handmade cotton tires than any other factory in the industry, as well as
numerous World Cup winning MTB treads. Most recently, Vittoria and LTT
gained notoriety by pioneering Graphene compound and 4-compound (4C)
technologies, both of which have pushed the evolution of bicycle tire
technology to new heights.
This combination of tariff-free importation and quality production underscores
Vittoria’s dedication to a healthy and economically sustainable bicycle industry
for years to come.