Continental Tire North America Inc. (CTNA) will raise prices on its Continental, General and proprietary brand passenger and light truck tires sold in the United States and Canada up to 9%.
In the U.S., hikes will go into effect on July 1. In Canada, they will go into effect approximately one month earlier. Increases will vary by market line and/or tire size.
"This price increase is a result of the escalation of transportation, energy and raw material costs," says Andreas Gerstenberger, executive vice president of marketing and sales, for CTNA's PLT (Passenger and Light Truck) unit.
