Yes, tires are rated by how fast they can go. Factory specifications will usually tell you what type of tire your car should have. There are performance tires available that are still able to perform in all-season conditions, so you don't necessarily have to trade one for the other. These will have a rating on the side of the tire ranging from H to V and will provide better handling and a grip on the road, without the compromise of losing all-weather capability. High-performance tires on the other hand, sacrifice use in icy and snowy conditions, in order to provide the best in performance during wet and dry conditions. These tires will have a rating of V, W, Y, or Z. These tires are capable of sustaining speeds of 149 to 186 miles per hour (239.8 to 299.3 kilometers per hour), depending on the speed rating letter [source: ConsumerSearch]. Although high-performance tires will work well at lower speeds, too, keep in mind that the more performance-oriented a tire is, the shorter the expected tread life will be.
Coming up, we'll take a look at one the most important factors when considering a new tire: the price.