GREENVILLE, S.C.—Michelin North America Inc. is planning to raise prices in the U.S. on commercial products and services Dec. 1 and on passenger and light-truck tires in the U.S. and Canada on Jan. 1.
The commercial price increase of up to 8 percent refers to national account prices in the U.S. for all commercial brands, products and services.
On the consumer side, Michelin will increase prices up to 5 percent for passenger and light-truck tires under the Michelin, BFGoodrich and Uniroyal brands, as well as Michelin-brand two-wheeler tires, sold in the U.S. and Canada.
The increases address ongoing investments to improve customers service and reflect increased operating costs and other market factors. Michelin's account management teams will convey additional details about the changes directly to customers.
Michelin last increased prices in North America in January 2017, raising them up to 8 percent for its passenger, heavy truck, earthmover, industrial-handling, agriculture and two-wheel segments across all of the company's brands in the U.S., Canada and Mexico.
Other pending price increases include:
Toyo Tire U.S.A. Corp.—raising dealer base prices on Jan. 1 by an undisclosed amount on select passenger and light truck tires and by up to 2 percent on most commercial truck tires;
Bridgestone Americas—raising national account, national fleet and national fleet preferred-account prices on all Bridgestone and Firestone truck and bus tires and Bandag retreads sold in the U.S. and Canada, effective Nov. 9 and varying by product line and service.
Bridgestone also raised prices Oct. 1 on all passenger and light truck tires by up to 3.5, varying by product line and 10 percent on Sept. 24 on Dayton-brand truck and bus tires sold in the U.S. and Canada.
Other recent price increases already in effect include:
- Giti Tire USA raised prices by up to 5 percent on passenger, light truck, SUV and CUV tires, and up to 10 percent on all truck/bus tires, effective Nov. 1.
- Alliance Tire Americas Inc. aised prices by up to 4 percent across all product lines for the Alliance, Galaxy and Primex brands, effective Nov. 1.
- Nexen Tire America Inc. raised prices on all passenger and light truck tires sold in the U.S. up to 6 percent, varying by tire line, effective Nov. 1.
- Cooper Tire & Rubber Co. raised replacement market prices in the U.S. by up to 4 percent on all Cooper-produced passenger and light truck tire brands, effective Oct. 1.
- Kumho Tire USA Inc. raised prices on its passenger, light truck and medium truck tires sold in the U.S. by up to 6 percent, effective Oct. 1.