Car rental company Hertz UK has recorded a 23 per cent drop in its average tyre spend per vehicle, two years after adopting a Michelin tyre policy. Latest figures show the average total cost of ownership of tyres per vehicle has dropped by almost a quarter since 2010.

When using generic tyres in 2011 the cost of tyres per vehicle dropped by two per cent compared to the previous year. After the business adopted a Michelin tyre policy in 2012 the average cost initially increased by three per cent compared to the 2010 figure. A year later the average total cost of ownership of tyres per vehicle had dropped by 23 per cent compared to 2010.