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Michelin Will Raise Consumer, Commercial Tire Prices

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Michelin is raising prices on both consumer and commercial tires sold in the U.S. and Canada.

Michelin North America Inc. will raise prices on its Michelin, BFGoodrich and Uniroyal brand passenger and light truck replacement tires sold in the United States and Canada up to 6% on July 1.

Michelin also will raise its on- and off-road commercial tire prices up to 13% on the same day. The increase will apply to commercial tires sold in the U.S. and Canada.

The company is attributing price hikes to "market dynamics."

Increases may vary across specific products "within each brand portfolio," according to Michelin officials.

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