Sumitomo Rubber North America Announces Price Increases
Sumitomo Rubber North America will increase prices in the US and Canada on Falken-brand passenger, light truck and medium truck products and implement online adjustments on a per-size basis. The price increase will be effective July 1, 2022. Sumitomo says several factors have driven the need for this price increase including increased costs in both
Bridgestone to Increase Consumer Tire Prices in U.S., Canada
Bridgestone will increase prices across its portfolio of consumer tires sold in the U.S and Canada to take effect July 1. The company says this price adjustment is a necessary step as Bridgestone continues to navigate current market dynamics. Price increases of up to 10% will impact Bridgestone, Firestone and Fuzion passenger, light truck and
Yokohama to Increase Prices on Consumer, Commercial Tires
Yokohama Tire Corporation will implement a price increase on its consumer replacement tires and commercial truck tires sold in the U.S., effective July 1. The company says the increase is in response to the “unparalleled rise in costs associated with materials and operations.”
Rising Gas Prices Make Tire Distributors Rethink Pricing, Service Models
At the end of March, the U.S. government reported that the national average price of gasoline had reached $4.23 per gallon, which is an increase of $1.38 or 48% per gallon compared to one year ago. The situation for on-highway diesel fuel is worse, having increased a jaw-dropping 64% in the last 365 days. For
Pirelli To Increase Prices on U.S. PLT Tires
Pirelli has announced price increases in the United States for car and light truck tires. Taking effect on June 15, the 2022 increases will be up to 10%, varying by line and tire size, Pirelli says. The increases are due to changing market conditions. Members of the Pirelli sales team will contact customers to provide
Michelin to Implement Price Increases
Michelin is announcing price increases across its brands ranging from 5-12% on the majority of passenger and light truck replacement tires and service offers, up to 9% on motorcycle tires, and up to 12% for on-road and off-road commercial products and service offers. These increases will be effective on orders invoiced starting June 1, in
Bridgestone Increases Price on Bandag Retreads
Bridgestone says it increased prices up to 17% on all Bandag retread rubber and cushion in the U.S. and Canada in response to current market dynamics. The company says ancillary products will also see an increase respective to current market conditions. Members of the Bridgestone commercial sales teams are contacting customers to provide more detailed
Trelleborg Wheel Systems to Implement 15% Price Increase
Effective from April 2022, Trelleborg Wheel Systems says it has announced price increases up to 15% on all brands and segments globally. Trelleborg says this price increase is a result of the current market fluctuations and the sharp rise in the cost of raw materials, energy and logistics. Increases will vary by region to reflect
Hankook Tire To Increase Prices on Some PLT, TBR Tires
Hankook Tire is announcing a price increase effective May 1 for Hankook and Laufenn passenger and light truck products. Individual prices will vary by product within each brand portfolio and will be up to 8% for PCLT products overall. Additionally, Hankook says it will be increasing prices for its TBR products as well. Hankook says
Myers Industries Announces Price Increases
Myers Industries says that it is implementing price increases effective April 18, 2022, across most of the company’s portfolio of products in the material handling segment, including those sold by Akro-Mils, Ameri-Kart, Buckhorn, Elkhart Plastics, Jamco Products, Scepter, and Trilogy Plastics. Myers says the price increases are in response to this period of record inflation
Giti Tire To Increase Prices in May 2022
Giti Tire (USA) Ltd. says that it will raise prices on all Giti-produced PLT and TBR tires sold in the US by up to 8% starting in May of 2022. The company said the upcoming price hike is in response to the continued increase in raw material costs and other business and operational expenses.
Pirelli Increases Price for Car and Light Truck Tires
Pirelli says it introduced price increases in the United States for car and light truck tires. Taking effect April 11, the increases will be up to 10%, varying by line and tire size. The increases are due to changing market conditions. Members of the Pirelli sales team will contact customers to provide more detailed information