GREENVILLE, S.C. — Michelin North America Inc. is planning to raise prices on select Michelin, BFGoodrich and Uniroyal car and light truck tires in the U.S. and Canada by up to 8% on April 1, on top of a 5% increase imposed on Feb. 1.
The increase also will affect "select urban delivery offers" one month after Michelin increased prices on commercial services, select commercial offers to fleet customers and select materials-handling products.
Michelin cited "changing business dynamics" and the rising costs of raw materials as factors it considered in deciding to raise prices again.
Price changes may vary across specific products within each brand portfolio, Michelin said. Details will be presented directly to dealers and urban fleet customers with additional questions addressed directly through account managers.
The company's price increase on Feb. 1 affected Michelin and BFGoodrich car and light truck tires. Michelin raised prices on Uniroyal-brand products last November by an undisclosed amount.
Other recent pricing actions by tire companies in North America include:
- Apollo Tyres Ltd., raising Vredestein brand products in the U.S. and Canada by up to 5%, effective March 1;
- Alliance Tire Americas Inc., "adjusting" warehouse and factory-direct order pricing across all product lines for Alliance-, Galaxy- and Primex-brand products by undisclosed amounts, effective Jan. 1;
- Bridgestone Americas Inc., increasing prices up to 8% on April 1 on its portfolio of Bridgestone-brand commercial truck tires and Bandag retreading products in the U.S. and Canada;
- Continental Tire the Americas L.L.C., increased prices on select Continental- and General-brand passenger and light truck tires in the U.S., effective March 1; and
- Pirelli Tire North America L.L.C. raised replacement car and light truck tires by and undisclosed amount, effective Jan. 1.