GREENVILLE, S.C. (Dec. 20, 2004) — Michelin North America Inc. is raising prices on a variety of tires by as much as 5 to 12 percent, following increases announced earlier for Europe.
The company said it is hiking prices on March 1 for Michelin-brand passenger and light truck tires by as much as 5 percent, and BFGoodrich, Uniroyal and private and associate brands up to 6 percent. Michelin and BFGoodrich commercial truck tire prices will rise up to 6 percent.
The firm also is boosting prices 5 percent for earthmover tires and up to 6 percent for radial and 12 percent for bias agricultural tires. Those increases take effect Jan. 1. General aviation tire prices also will rise 5 percent worldwide as of April 1.
Parent company Group Michelin said earlier in the month it will increase prices for all types of tires sold in Europe by an average of 5 percent. The company blamed rising raw materials costs for the price change.
Bridgestone/Firestone and Continental North America Inc. also recently announced price increases.