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 sensor is activated when the carrier is in the stowed position. A warning indicator is operably connected to the sensor so that the warning indicator is activated and provides the operator with a warning when the carrier is out of the stowed position and the sensor is not activated.