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December 02, 2020 03:20 PM

Bridgestone, Firestone tire prices to increase

Tire Business Report
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    NASHVILLE, Tenn.—Bridgestone Americas Corp. is planning to raise prices Jan. 1 on select Bridgestone and Firestone passenger and light truck replacement tires sold in the U.S. and Canada.

    The tire maker did not disclose the percentage of the increase. Adjustments will be made at the article and pattern level, Bridgestone said.

    Increased business costs and other market dynamics are driving the pricing, the tire maker said. Bridgestone consumer replacement tire sales team members are contacting customers to provide more details about the changes.

    The last time Bridgestone raised prices on consumer tires was in September 2018.

    Earlier this year, Bridgestone raised prices on radial Firestone truck and bus tires by an average of more than 5 percent, with some prices by more than 8 percent.

    Other companies to announce recent price increases include Goodyear, Sumitomo Rubber North America, Hankook Tire USA Inc. and Yokohama Tire Corp.

    Related Article
    Bridgestone, Cooper and Kumho set to raise tire prices
    Bridgestone to raise Firestone truck tire prices in U.S.
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