CHARLOTTE, N.C. (Dec. 1)—Continental Tire North America Inc. will raise prices Feb. 1, 2005, on all its flag, associate and private brand passenger and light truck tires by up to 6 percent.
The company began notifying customers of the price increase the week of Nov. 29, with specific details as to market line and/or size still to be released.
This would be the third price increase for passenger and light truck tires in a year for CTNA. The firm raised passenger and light truck tire prices by 3 to 5 percent June 1 and by 3 to 6 percent Feb. 1.
CTNA also recently announced a 3- to 6-percent price hike on commercial and off-the-road tires effective Jan. 1, 2005.