GREENVILLE, S.C. — Michelin North America Inc. is planning to raise prices in North America on "select" Michelin-, BFGoodrich- and Uniroyal-brand tires, citing "market dynamics" as the reason behind the hikes.
The increase will be the fourth this year for Michelin.
Prices on select passenger and light truck replacement tires will rise by up to 8% in the U.S. and Canada effective Sept. 1.
In addition, the company said it is implementing a 4% increase on motorcycle tires, and an increase of up to 14% on both on- and off-road commercial tires.
Michelin last raised tire prices in North America on July 1.
In February, the tire maker increased the prices of Michelin and BFGoodrich tires in the U.S. by 5%.
This was followed by an 8% rise in the prices of Michelin, BFGoodrich and Uniroyal passenger and light truck tires in the U.S. and Canada in April.