A tire carrier assembly for storing a spare tire on a vehicle which includes a carrier adapted for supporting the spare tire and a winch operatively connected to the carrier to raise and lower the carrier between a stowed position wherein the carrier is inaccessible and a deployed position wherein the carrier is accessible. The winch has a flexible member secured to the carrier and one of an electric motor and a manual device which selectively raises and lowers the carrier between the stowed and deployed positions. A monitoring device is located adjacent the winch and a control module is operably connected to the monitoring device to monitor movement of the carrier from the deployed position toward the stowed position.