Bridgestone, Michelin also raising tire prices

2 Feb by Vitaliy Dadalyan

Bridgestone, Michelin also raising tire prices

Both say rising raw material prices and “other market dynamics” are boosting production costs, resulting in the need for 8% price hikes.

Bridgestone Americas Tire Operations and Michelin North America both plan to increase prices across of a range of their tire lines by up to 8% starting March 1, following a similar move by Yokohama in response to higher raw material costs and “other market dynamics.”

Bridgestone plans to “adjust” prices upward in North America across a “range” of its passenger, light truck, commercial truck, bus, off- road, and agricultural tires, as well as retread products and tire tubes, by up to 8% starting March 1 this year.

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Source:: http://fleetowner.com/news/bridgestone-michelin-also-raising-tire-prices