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Michelin will hike truck, ag tire prices

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Michelin will hike truck, ag tire prices

Michelin North America Inc. will raise prices on replacement truck tires sold in the U.S. by 3% to 7% on May 1. The same day, Michelin also will hike its U.S. and Canada ag tire prices by an average of 4.5%.

In addition, Michelin will raise prices on its Michelin Retread Technologies retreads between 3% and 7% on May 1.

Michelin officials say the price increases are necessary due to escalating raw material prices.

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