Continental will raise truck tire prices June 1
Continental Tire North America Inc. will raise truck tire prices effective June 1, 2005.
The company will increase Continental, General, Semperit and private brand truck tire prices from 4% to 6%; the increase will affect all sales channels.
The price increases will vary by market line and/or size and may include a change in CTNA's marketing program.
All tires shipped and billed June 1 and later will carry the increased prices. No backorder protection will apply.
"The continued escalation of raw materials necessitates an increase in our prices," says the company.
Additional details on the implementation of the price increase will be released "very soon."
Other tire companies that have recently announced commercial tire price increases include:
* Goodyear Tire & Rubber Co.: up to 6% on Goodyear, Dunlop and Kelly brand commercial tires effective May 15. The company's private brand prices also will be affected.
* Yokohama Tire Corp.: 5% to 6% "across the board" on its TBS and commercial light truck tires effective June 1. (The company increased prices on its OTR tires 3% to 8% on April 1.)
* Bridgestone Firestone North American Tire LLC and Bridgestone/Firestone Canada Inc.: up to 8% on their truck and bus tire prices effective May 1. The companies will raise passenger, light truck, farm and OTR tire prices up to 8% on June 1.
* Kumho Tire U.S.A. Inc.: up to 8% on its passenger, light truck and commercial truck tires effective June 1.