According to foreign media, Michelin North America (MNA) announced the fourth increase in tire prices, starting from December 1, the US and Canada sales of Michelin and BF Lu brand truck tires, as well as Oliver brand retreaded tire product prices, Increase by 4.9%.
Michelin North America's three price adjustments during the year:
On September 1, the price of some Michelin and BFlux brand passenger cars and light truck tires in the US and Canada was raised by 5%.
On July 1, the price of Uniroyal brand commercial tires and [selected" Michelin brand off-highway tires was increased by 6%.
At the beginning of this year, the sales price of passenger car and light truck tires, Uniroyal brand household tires and Michelin brand two-wheel tires sold in the United States and Canada increased by 5% since January 1.
Recent price increases by other tire manufacturers in the US market:
Yokohama Tire: From November 1st, the price of its household tires (including passenger tires, high-performance tires and light truck tires) will be increased by 5% in the United States.
Pirelli Tyre (North America): From October 1st, the price of passenger cars and light truck tires in the US replacement market will be raised. The increase will vary depending on the product line and tire size, and will be directly related to the price increase. communication. Pirelli has already raised the average tire price by 6% as early as January 1.
US Cooper Tire: Raises the price of the Cooper and Roadmaster brand truck tires in the middle of the year to compensate the US government for raising import tariffs on truck tires from China. The price increase took effect after the start of the second quarter, and the price increase was not mentioned.