GREENVILLE, S.C. (April 29, 2010)—Michelin North America Inc. is increasing prices by up to 6 percent, effective June 1, on several tire lines.
Tires covered by the price hikes include Michelin, BFGoodrich, Uniroyal, private and associate brand passenger car and light truck replacement tires sold in the U.S. and Michelin-brand replacement motorcycle tires sold in Canada, Mexico and the U.S.
The Greenville-based company did not give a reason for the increases, but a number of tire makers have raised prices in the past few months, citing continuing increases in raw materials and transportation costs.
In early April Michelin said it would raise prices from 3 to 7 percent on U.S. replacement truck tires, effective May 1, with the price hike also applying to Michelin Retread Technologies retreads. The company also announced at that time that it will raise prices by an average of 4.5 percent on agricultural tires sold in the U.S. and Canada, effective May 1, due to rising raw material costs.