The so-called intelligent tires are one of the most promising research fields for automotive engineers. These tires are equipped with sensors which provide information about vehicle dynamics. Up to now, the commercial intelligent tires only provide information about inflation pressure and their contribution to stability control systems is currently very limited. Nowadays one of the major problems for intelligent tire development is how to embed feasible and low cost sensors to obtain reliable information such as inflation pressure, vertical load or rolling speed. These parameters provide key information for vehicle dynamics characterization. In this paper, we propose a novel algorithm based on fuzzy logic to estimate the mentioned parameters by means of a single strain-based system. Experimental tests have been carried out in order to prove the suitability and durability of the proposed on-board strain sensor system, as well as its low cost advantages, and the accuracy of the obtained estimations by means of fuzzy logic.