Michelin to raise prices
Michelin Americas Small Tires (MAST) is the latest tire company to announce coming price increases.
MAST will boost prices on its Michelin, BFGoodrich, Uniroyal, private and associate brand passenger and light truck tires by an average of 3% on July 5.
Increases affect the United States replacement market only, say MAST officials.
A number of tiremakers will raise prices on June 1:
* Continental Tire North America Inc. will hike prices on its Continental, General, Semperit and private brand consumer tires from 3% to 5%, while raising prices on its medium truck and OTR tires from 2% to 5%;
* Cooper Tire & Rubber Co. will raise prices on its major, associate and private label tires by up to 5%, depending on product line;
* Toyo Tire (U.S.A.) Corp. will increase prices on its consumer and commercial tires up to 4%;
* Yokohama Tire Corp. will boost consumer tire prices by 2% to 5%, while increasing its commercial tire prices by 2% to 4%. Yokohama's OTR tire prices will jump 2% to 3%.
Goodyear Tire & Rubber Co. will implement price increases of at least 2% on May 1.