Michelin to Hike Consumer, Commercial Tire Prices

Michelin North America Inc. will raise prices on select Michelin, BFGoodrich and Uniroyal brand passenger and light truck replacement tires up to 12% on Jan. 1.

Michelin also will hike both on- and off-road commercial tire and services up to 16% on the same day.

Increases - which apply to tires sold in the United States and Canada - are taking place "due to market dynamics," according to Michelin officials.