GREENVILLE, S.C.—Michelin North America Inc. has announced a price increase for the fourth time this year, saying on Oct. 1 that it will increase prices up to 4.9 percent for Michelin, BFGoodrich, Michelin Retread Technologies and Oliver brand products in the U.S. and Canada.
The increases take effect Dec. 1. The tire maker said additional details will be provided directly to its North American fleet account customers.
The decision comes on the heels of a Sept. 1 price hike that impacted Michelin-and BFGoodrich-brand passenger and light-truck tires in the U.S. and Canada, increasing those costs by up to 5 percent.
On July 1, the South Carolina-based tire maker increased prices on Uniroyal-brand commercial tires and "select" Michelin-brand off-highway products by as much as 6 percent. That move followed the Jan. 1 price hike of up to 5 percent on passenger and light-truck tire prices in the U.S. and Canada.
The Jan. 1 increase also included Uniroyal-brand consumer tires and Michelin-brand two-wheeler tires, sold in the U.S. and Canada.
Other tire makers to announce recent price increases, are:
- Yokohama Tire Corp., which is raising prices in the U.S. by as much as 5 percent on its consumer tires, including passenger, high performance and light-truck tires, beginning Nov. 1.
- Pirelli Tire North America L.L.C. raised prices on replacement market passenger and light truck tires in the U.S. on Oct. 1 but declined to say by how much. The increase varies by line and tire size. Pirelli also raised prices by an average of 6 percent on Jan. 1.
- Cooper Tire & Rubber Co. raised prices on its Cooper- and Roadmaster-brand truck tires to compensate for the elevated import duties levied by the U.S. government on truck tires from China. The increases were effective after the start of the second quarter. Cooper declined to disclose the scale of the increase.