TIRES Mark Thompson/Getty Images

Bridgestone, Michelin Raising Tire Prices

Both say rising raw material prices and “other market dynamics” are boosting production costs, resulting in the need for 8% price hikes.

Bridgestone Americas Tire Operations and Michelin North America both plan to increase prices across of a range of their tire lines by up to 8% starting March 1, following a similar move by Yokohama in response to higher raw material costs and “other market dynamics.”

Bridgestone plans to “adjust” prices upward in North America across a “range” of its passenger, light truck, commercial truck, bus, off- road, and agricultural tires, as well as retread products and tire tubes, by up to 8% starting March 1 this year.

Michelin’s price hike will affect all of its tire segments, the company noted, including passenger, heavy truck, earth-mover, industrial handling, agriculture and two-wheelers in the U.S., Canada and Mexico.

“This increase represents Michelin’s first since 2012, comprising net effects of raw material prices as well as … technology enhancements, innovations and other market conditions,” the company noted in a statement.

This story originally appeared at Fleet Owner

TAGS: Haulers
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish