Retail

Michelin joins many announcing price hikes

Posted on December 18, 2009

Michelin North America Inc. will raise domestic prices on replacement consumer and commercial tires effective Feb. 1, 2010.

The increases will range as follows:

* Passenger and light truck replacement tire prices will increase on Michelin, BFGoodrich, Uniroyal, private and associate brand tires. The price increase will vary by product line.

* Commercial truck tire prices will increase by up to 7% on Michelin and BFGoodrich brand commercial truck replacement tires. This price increase will also apply to Michelin Retread Technologies (MRT) retreads.

* Earthmover tire prices will increase up to 4% on Michelin brand replacement tires.

Several other tiremakers will hike tire prices effective Jan. 1. They include Hankook Tire America Corp. (up to 5%, consumer and commercial); Toyo Tire U.S.A. Corp. (up to 6%, consumer and commercial); Pirelli Tire North America Inc. (up to 4.5%, consumer, excluding its P4/P5 lines); Kumho Tire U.S.A. Inc. (up to 8%, consumer and commercial); Yokohama Tire Corp. (up to 6%, consumer); Bridgestone Americas Tire Operations LLC (up to 5%, consumer); Continental Tire North America Inc. (up to 5%, consumer); and Nexen Tire America Inc. (up to 8%, consumer).

In addition, Goodyear Tire & Rubber Co. (up to 6%, consumer) and Falken Tire Corp. (up to 7%, consumer) raised tire prices on Dec. 1, 2009.

Related Topics: consumer tires, OTR tires, Price increase, Retreaded tires, truck tires

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