Industry profits 'spark hopes of cheap tyres in 2010'

It could be argued that motorists in the UK have a greater possibility of securing cheap tyres in 2010 – after a number of major tyre manufacturers reported strong trade results.

India's MRF Tyres recently announced after-tax profits of 75 per cent year-on-year for the period up to September 2009.

What's more, Apollo Tyres recorded a 249 per cent net profit rise in the twelve months before this period, which may leave companies with more room to maintain affordability for consumers.

However, several news outlets have also reported that MRF's stock has been impacted by reports that rubber prices could be on the rise next year.

With a degree of uncertainty surrounding the prospects for cheap tyre availability in 2010, it may be a good idea for drivers to stick with products that they know to be reliable.

Motorists may want to move quickly in order to secure the best tyre deal, as VAT is set to return to 17.5 per cent from next year.