Costco recently announced it will begin charging customers a $5 discount on all of its tires starting in October.
The move is part of the retailer’s push to reduce costs and increase profits by offering customers more affordable tire options, and Costco said it hopes that the new incentive will encourage customers to shop more often and to spend more.
The move comes at a time when tire prices have skyrocketed in recent years.
The average price for a new set of tires in the United States was just $1,400 last year, according to Tire Price Tracker, a service that tracks prices of new tires.
In 2014, the average price of a new tire was $1.65, according a report from Tire and Rubber, which tracks global tire prices.
The company is now working with the tire industry to increase the number of new products it offers at the discounted prices.
The company said it will offer a new wheel with a tread depth of between 0.5 and 1.5 millimeters, a tire that has been specifically designed for use in the backcountry.
The wheel will also be available in a range of colors.
Tire sales have skyrocketted in recent months.
Last year, Costco said sales of tires jumped 6% to $5.9 billion, which was the biggest increase in nearly 10 years.
But as of January 2018, the company said sales were down 6% year-over-year, due to a decline in sales of certain tires.
Costco said the drop in sales was largely due to reduced demand for certain tires, including some from other companies, and to a drop in the number and types of tires being used by its customers.
Tire dealers say they’re worried about the discounting and are trying to find a way to keep their customers.
The Costco discount program comes as the company is seeking to improve its bottom line.
Costco has been criticized by some consumers who say the company has a negative effect on their purchasing habits.
Some Costco customers say they plan to stop using Costco tires in 2018 and will instead buy new tires from other retailers.
Some are also concerned about the possibility that Costco might offer other discount pricing incentives for consumers.