GREENVILLE, S.C.—Michelin North America Inc. plans to raise prices on Michelin- and BFGoodrich-brand passenger and light truck tires in the U.S. by up to 5 percent on Feb. 1 "due to changing business dynamics of the U.S. market."
The increase will affect "select commercial offers to fleet customers" as well, Michelin said, and complements a price increase on Uniroyal brand passenger and light truck products that went into effect in November.
Michelin last raised prices on selected Michelin-, BFGoodrich- and Uniroyal-brand passenger and light truck tires on March 16, by up to 7 percent in the U.S. and 5 percent in Canada.
Price changes may vary across specific products within each brand portfolio. Details will be presented directly to dealers and fleet customers with additional questions addressed directly through account managers, Michelin said.
Michelin is the eighth tire maker to institute or announce price hikes in the U.S in the last couple of months.
- Alliance Tire Americas Inc. is "adjusting" warehouse and factory-direct order pricing across all product lines for Alliance-, Galaxy- and Primex-brand products by as-yet undisclosed amounts, effective Jan. 1.
- Bridgestone Americas Corp., will increase prices on select Bridgestone and Firestone passenger and light truck replacement tires sold in the U.S. and Canada by an undisclosed amount, effective Jan. 1;
- Goodyear, all Goodyear- and Dunlop-branded passenger and light truck tires in the U.S. will see price increases of up to 5 percent, effective Dec. 1;
- Hankook Tire America Corp. plans to raise prices on its lines of commercial truck tires in the U.S. by up to 5 percent on Dec. 1, varying based on SKU;
- Pirelli Tire North America L.L.C. will increase the price for replacement car and light truck tires by undisclosed amount, effective Jan. 1;
- Sumitomo Rubber North America Inc. is hiking prices in the U.S. and Canada on Falken- and Ohtsu-brand consumer tires by up to 8 percent on Jan. and by up to 6 percent on medium truck tires, effective Dec. 1;
- Yokohama Tire Corp. will incease prices on consumer replacement tires sold in the U.S. by up to 5 percent, effective Nov. 1.