Fort Mill, South Carolina – Tire price hikes continue in North America as Continental and Pirelli announce plans to raise tire prices in the region.
In an 8-Nov statement, Continental Tire the Americas LLC said it planned to raise prices on Continental- and General-branded passenger and light truck tires sold in the US market, effective 7 Jan.
While Conti did not specify a percentage increase, it said the increase will vary across marketing lines and tire sizes. The tire maker said specific line-item details will be communicated to direct customers by 7 Dec.
The price adjustment, Conti said, is in response to the continued escalation of raw materials, energy, and logistics costs associated with the production and distribution of these products.
Pirelli Tire North America LLC also announced 13 Nov that it would increase prices on all of its passenger and light truck tires in the US, effective 1 Jan.
The increase, the tire maker said, will be 6% on average, but will vary by line and tire size.
Pirelli noted the increases are due to the higher price of raw materials and growing investment in the development of new technologically advanced products.
These are the latest a series of price rise announcements in North America in recent weeks;
Alliance Tire Americas Inc. — up to 4% across all product lines for the Alliance, Galaxy and Primex brands;
Bridgestone Americas — national account, national fleet and national fleet preferred-account prices on all Bridgestone and Firestone TBR tires and Bandag retreads sold in the US and Canada, effective 9 Nov and varying by product line. Bridgestone also raised prices 1 Oct on all passenger and light truck tires by up to 3.5%, varying by product line and 10% on 24 Sept on Dayton-brand TBR tires sold in the US and Canada;
Cooper Tire & Rubber Co. — up to 4% on all Cooper-produced passenger and light truck tire brands, effective 1 Oct.
Giti Tire USA — up to 5% on passenger, light truck, SUV and CUV tires and up to 10% on TBR tires;
Goodyear — all of its brands of commercial tires and retreads in the US, most up to 4%, effective 1 Dec.
Kumho Tire USA Inc. — up to 6% on passenger, light truck and medium truck tires sold in the US, effective 1 Oct.
Michelin North America Inc. — commercial products and services in the US by up to 8% on Dec. 1, and up to 5% on Michelin, BFGoodrich and Uniroyal brands' passenger and light-truck tires in the US and Canada — as well as Michelin-brand two-wheeler tires — on 1 Jan.
Nexen Tire America Inc., up to 6% on all passenger and light truck tires sold in the US; and
Toyo Tire USA Corp.— by and undisclosed amount on select passenger and light truck tires and by up to 2% on most commercial truck tires, effective 1 Jan.