Looking closely at raw material costs, we note that the “basket” of raw materials needed to build a common replacement tire has increased 23.7% on a year-over-year basis.
Bridgestone Americas Inc. will increase prices on select Bridgestone, Firestone and Fuzion brand passenger and light truck tires sold in the United States and Canada up to 8%, effective July 1.
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.
Hankook Tire America Corp. will raise the price of its commercial truck tires sold in the U.S. by up to 5%, effective May. The increase also will apply to Hankook's aftermarket fleet programs.
In response to continued escalating raw material costs, Bridgestone Americas Inc. is announcing it will increase prices by 8% on Firestone brand truck and bus radial tires sold in the U.S. and Canada, effective May 1.
Bridgestone Americas Inc. will raise prices on select Bridgestone and Firestone brand passenger and light truck tires up to 8% in the United States and Canada due to "increased business costs and other market dynamics."
Pirelli Tire North America Inc. will raise prices on its passenger and light truck tires in the United States up to 7%, effective April 15. Increases will vary by tire line and size.
Michelin North America Inc. will increase prices on select Michelin, BFGoodrich and Uniroyal passenger and light truck tires up to 8% on April 1 in both the United States and Canada.
Apollo Tyres Ltd. is the latest tire manufacturer to announce a price increase. The company will raise prices on its Vredestein brand consumer tires up to 5%, effective March 1, "including adjustments at the article and pattern level."
