Greenville, South Carolina – Michelin North America Inc. plans to raise prices on Michelin- and BFGoodrich-brand passenger and light truck tires in the US by up to 5% on 1 Feb "due to changing business dynamics of the US market."
The increase will affect "select commercial offers to fleet customers" as well, Michelin said, and complements a price increase on Uniroyal brand passenger and light truck products that went into effect in November.
Michelin last raised prices on selected Michelin-, BFGoodrich- and Uniroyal-brand passenger and light truck tires on 16 March, by up to 7% in the US and 5% in Canada.
Price changes may vary across specific products within each brand portfolio. Details will be presented directly to dealers and fleet customers with additional questions addressed directly through account managers, Michelin said.
Michelin is the eighth tire maker to institute or announce price hikes in the US in the past few months.
• Alliance Tire Americas Inc., "adjusting" warehouse and factory-direct order pricing across all product lines for Alliance-, Galaxy- and Primex-brand products by as-yet undisclosed amounts, effective 1 Jan.
• Bridgestone Americas Corp., select Bridgestone and Firestone passenger and light truck replacement tires sold in the US and Canada by an undisclosed amount, effective 1 Jan;
• Goodyear, all Goodyear- and Dunlop-branded passenger and light truck tires in the US by up to 5%, effective 1 Dec;
• Hankook Tire America Corp. plans to raise prices on its lines of commercial truck tires in the US by up to 5% on 1 Dec, varying based on SKU;
• Pirelli Tire North America LLC – replacement car and light truck tires by undisclosed amount, effective 1 Jan;
• Sumitomo Rubber North America Inc., prices in the US and Canada on Falken- and Ohtsu-brand consumer tires by up to 8% on Jan. and by up to 6% on medium truck tires, effective 1 Dec;
• Yokohama Tire Corp., consumer replacement tires sold in the US by up to 5%, effective 1 Nov.