Retail

Pirelli announces price increases

Order Reprints

Pirelli Tire North America will raise its passenger and light truck tire prices an average of 5% beginning Jan. 1.

The company sites rising raw material costs as the main reason for the increase.

Pirelli joins a number of tire manufacturers that have announced price increases. On Dec. 1, Yokohama Tire Corp. will raise its passenger and light truck tire prices by 4% to 6%, while Cooper Tire & Rubber Co. will hike all its passenger and light truck tire prices by 5%.

Kumho Tire U.S.A. Inc. raised its passenger and light truck tire prices between 3% and 5% on Nov. 1. On the same day, Michelin North America Inc. raised prices up to 4% on certain SKUs of BFGoodrich tires.

Goodyear Tire & Rubber Co. also will raise prices 4% to 5% on its Goodyear, Kelly and Dunlop passenger and light truck tires on Dec. 1.

Officials from Bridgestone/Firestone Americas Holding Inc. and Toyo Tire (U.S.A.) Inc. say they also are planning price increases.

Related Articles

Accuride announces net gain in 1Q

Sales Makers or Order Takers? How to Determine 'Who’s Who' on Your Team

Mergers, E-commerce and More: Chip Wood’s Take on Five Hot Topics

You must login or register in order to post a comment.