AKRON—Continental Tire the Americas and Trelleborg Wheel Systems Americas Inc. are raising tire prices in the U.S. and North America, respectively.
Conti's increase is for Continental- and General-branded passenger and light truck tires, by up to 7 percent effective May 1. Conti raised prices March 1 in the U.S. and Canada on its Continental-, General-, and AmeriSteel-brand truck tires by up to 8 percent.
Conti cited the "continued escalation of raw materials, energy, and logistics costs associated with the production and distribution of passenger and light truck tires" for the need to raise prices.
The increase will vary across marketing lines and tire sizes.