Consumer tire price hikes: a running total
Tire manufacturers and marketers increased domestic replacement consumer tire prices anywhere from one to three times over the course of 2010. Passenger and light truck tire prices have risen due to rising raw material and transportation costs.
Here is a list of all the announced tire price hikes in the United States this year, not including in-line adjustments.
American Pacific Industries Inc. (API): up to 8% on Feb. 1; up to 10% on Oct. 27.
Bridgestone Americas Tire Operations LLC (BATO): up to 5% on Jan. 1; up to 6% (on "certain" passenger and light truck tires) on June 1; up to 8% on Nov. 1.
Continental Tire the Americas LLC: up to 5% on Jan. 1; up to 6% on June 1.
Cooper Tire & Rubber Co.: up to 7.5% on June 1; up to 6.5% on Nov. 1.
Falken Tire Corp.: up to 6% on June 1; up to 8% on Nov. 1.
Goodyear Tire & Rubber Co.: up to 6% on June 1.
Hankook Tire America Corp.: up to 5% on Jan. 1; up to 6% on June 1; up to 6.5% on Nov. 1.
Kumho Tire U.S.A. Inc.: up to 8% on Jan. 1; up to 8% on June 1; up to 6.5% on Nov. 1.
Michelin North America Inc.: varied (by product line) on Feb. 1; up to 6% on June 1.
Nankang Rubber Tire Corp. (Tireco Inc.): 6% to 8% on April 20.
Nexen Tire America Inc. : up to 8% on Jan. 1; 8% on June 1.
Nokian Tyres Inc.: 3% to 6% on Jan. 11; unannounced price increase in June.
Pirelli Tire North America: up to 4.5% (except P4 and P5 Touring out of China) on Jan. 1; 4% on July 1; up to 7% on Dec. 1.
Toyo Tire U.S.A. Corp.: up to 6% on Jan. 1; up to 8% on June 1; up to 6% on Nov. 1.
Yokohama Tire Corp.: up to 6% (up to 15% on exports from Japan) on Jan. 1; up to 8% on June 1; up to 8% on Dec. 1.
Two companies will raise consumer tire prices early in 2011. Nexen's prices will increase up to 8% effective Jan. 1. Michelin's price hikes will vary by product line effective Feb. 1, 2011.
Goodyear and Falken raised prices once and twice, respectively, during 2010. However, both companies (Goodyear up to 6%, Falken up to 7%) raised prices on Dec. 1, 2009, prior to the new year.