RANCHO CUCAMONGA, Calif. — Sumitomo Rubber North America Inc. (SRNA) plans to raise prices in the U.S. and Canada on Oct. 1 on Falken- and Ohtsu-brand passenger, light truck and medium truck tires by up to 10%.
SRNA cited several factors for the need to raise prices, including increased costs in transportation, labor and raw materials; the action will include inline adjustments on a per size basis, the company said.
The action will be SRNA's fourth price increase in the past 10 months. Others were:
- By up to 8% on Aug. 1 on prices in the U.S., Canada and Puerto Rico;
- By up to 8% on May 1 in the U.S. and Canada on passenger, light and medium truck tires and Dunlop motorcycle tires by up to 8%; and
- By up to 8% on Jan. 1.
Other price increases announced recently include:
Toyo Tire U.S.A. Corp. — 2% to 8% on select passenger car and light truck tires effective Nov. 1.
Giti Tire (USA) Ltd. — by an undisclosed amoun on GT Radial, Giti, Primewell and Dextero-brand consumer and commercial tires, effective Oct. 1;
Bridgestone Americas Inc. — by up to 8% in the U.S. and Canada on Bridgestone-, Firestone- and Fuzion-brand passenger and light truck tires; Bridgestone- and Firestone-brand truck and bus tires; Bridgestone- and Firestone-brand off-the-road (OTR) tires; and Firestone agricultural tires and tubes, effective Oct. 1;
Pirelli Tire North America Inc. — by up to 8% in the U.S. on car and light truck tires, effective Oct. 1;
Continental Tire the Americas L.L.C. — by undisclosed amounts in the U.S. on select Continental- and General-brand passenger and light truck tires, effective Oct. 1;
These are in addition to price increases by Cooper Tire & Rubber, Goodyear and Michelin North America on Sept. 1.
