Continental Tire Canada Inc. will raise its consumer tire prices effective July 1, 2007.
The subsidiary of Continental Tire North America Inc. will increase prices up to 5.5% on all Continental, General and associate brand passenger and light truck tires in Canada. They will vary by market line and/or size.
Continental Tire Canada says details on the implementation of the price increase will be forthcoming.
The price increase is a result of "the escalation of transportation and other related operational expenses," according to the company.
Bridgestone Firestone Canada Inc. and Cooper Tire & Rubber Co. raised prices on their major and associate brand consumer tires up to 5% on June 1.
