Federal to Raise Prices Across the Board - Tire Review Magazine

Federal to Raise Prices Across the Board

(Akron/Tire Review) Federal Tire Corp. announced it would increase prices by 5% to 8% across its full line of tires, effective Apr. 1.

The increase applies to Federal and Hero branded tires and results from “rocketing prices of raw materials such as natural rubber, carbon black and other petroleum products and higher transportation costs,” the company stated in a release.

“The present price increase does not fully reflect Federal’s increase in cost, and Federal is doing its best to absorb as much of it as possible,” the tiremaker added. “Presently, we do not foresee any decrease in raw material costs and will continue to closely monitor these costs to determine if any further price adjustments are necessary.”

You May Also Like

Complete Tire Repair Packages Build Customer Trust

Tire dealers know that offering a complete lineup of tire services can keep customers from seeking repairs elsewhere and add to the bottom line.

Tire punctures and wheel damage can be a real bummer for your customers. It seems like they always happen at the worst times.

You want customers with tire punctures and other damage to trust your shop to get them back home safely. Whether future tire repair service is offered as part of a new tire purchase or as a standalone service, these basic procedures must be done correctly to avoid liability and to keep customers rolling smoothly.

Off-Road Racer Jim Horne Joins Team Hercules

As a member of Team Hercules, Jim Horne will represent the brand as ambassadors at competitions and dealer and consumer events.

Maxam Tire Adds Two Sizes to MS405 Series

The Maxam MS405’s new sizes fit for loaders and dump trucks provide the OTR industry with more options.

Firestone Airide Tennessee Plant Recognized for Safety

This is the facility’s fourth STAR award, reflecting the company’s and
teammates’ commitment to a safe and healthy work environment.

Atturo Tire Offers Trail Hazard Protection for SXS and UTV Tires

The new program covers hazards encountered by riders on- and off-road at no additional charge.

Other Posts

Top Shops: Opportunities & Challenges in Today’s Tire Industry

What is one thing that scares you and one thing that excites you about the tire industry?

Tire Review Top Shop 2023 opportunities
Apollo Tyres Opens Digital Innovation Center in India

In partnership with the Telangana Government, Apollo Tyres announced the launch of a digital innovation centre in Hyderabad, India.

MEMA Announces New Structure and Brand

The realignment will allow the association to better serve members and prepare for the future of mobility.

restructure
RNR Tire Express Named to Entrepreneur’s Franchise 500 List

The RNR team is celebrating 10-plus years being named to the Franchise 500 list.