ROME, Ga. — Pirelli Tire North America L.L.C. is planning to increase the prices of replacement car and light truck tires in the U.S., effective Jan. 1.
Pirelli did not cite a percentage increase, stating that increases will vary by line and tire size.
The tire maker said the price increases were the result of "changing market conditions." Members of its sales team will contact customers to provide more detailed information about the changes.
This will be Pirelli's second price increase in the past nine months. It raised car and light truck tire prices in the U.S. on April 6 by up to 5%, varying by line and tire size.
At least five other tire makers have either instituted or announced price hikes in the last couple of months.
Bridgestone Americas Corp. also is planning to raise prices Jan. 1 on select Bridgestone and Firestone passenger and light truck replacement tires sold in the U.S. and Canada.
Other companies to announce recent price increases include Goodyear, Sumitomo Rubber North America, Hankook Tire USA Inc. and Yokohama Tire Corp.