Yokohama Tire Corp. will implement a price increase of up to 8% on all of its light and medium commercial truck tires in the U.S., effective Oct. 1, 2011. There will be in-line adjustments, as well, which will be announced at a later date.
“Several factors make the increase necessary, unfortunately,” says Rick Phillips, Yokohama director of commercial sales, “The costs of raw materials, manufacturing and transportation remain at highly elevated levels. These, regrettably, have to be reflected in our product pricing. Notwithstanding, Yokohama remains steadfast in bringing the best commercial tires to market at competitive prices using our operational efficiencies and latest technology.”
Previously, Yokohama raised prices up to 11% on all of its OTR tires in the U.S., effective Sept. 1.
Yokohama is the latest tiremaker to announce price increases.
Commercial
* Michelin North America Inc. will raise prices on commercial truck replacement tires and retreads, by an average of 8% on Michelin, BFGoodrich, Michelin Retread Technologies and Oliver brands sold in the U.S., effective Oct. 3, and Michelin-brand agricultural and compact line replacement tires sold in the United States and Canada, up to 6%, effective Nov. 1.
* Eurotire increased prices by up to 9.8% on all its OTR bias tires, an increase of up to 11.5% on all its OTR radial tires globally, effective Sept. 5.
* Effective Sept. 1, Michelin North America Inc. increased prices between 5-13% on Michelin brand earthmover replacement tires in the United States, Canada and Mexico.
* Titan International Inc. will raise farm tire prices for the third time this year. Titan and Goodyear brand tire prices will be raised up to 8%.
* Bridgestone Americas Tire Operations LLC raised prices on Bridgestone and Firestone truck tires in the United States and Canada, plus Bandag retreads and related retreading materials, on July 1. In addition, the price of Bridgestone, Firestone and Continuum OTR tire products and retread rubber increased effective Aug. 1. According to Bridgestone, the total average increase for all the products will be 11%.
* Toyo Tire U.S.A. Corp. increased the dealer base price list on commercial truck tires up to an average of 9% on July 5.
* Yokohama Tire Corp. increased its medium truck and commercial light truck tires effective July 1. The hikes averaged 8%, with some in-line adjustments.
* Continental Tire the Americas LLC increased prices on all Continental, General and Ameri*Steel brand replacement commercial truck tires sold in the U.S. by 11% effective July 1.
* Michelin North America Inc. increased prices by an average of 12% on Michelin and BFGoodrich replacement commercial truck tires effective July 1. The increase also applied to Michelin Retread Technologies retreads sold in the U.S. Michelin also raised prices up to 6% on Michelin brand replacement ag tires sold in the United States and Canada effective July 1.
* Double Coin Holdings Ltd. raised prices up to 6%, effective June 1, on all Double Coin produced radial truck, OTR, crane and industrial tires. That included associate and private brand radial truck tires.
* Falken Tire Corp. raised commercial truck tire prices by up to 10% effective June 1.
* Hankook Tire America Corp. raised prices on its commercial tires, including Hankook and Aurora, effective June 1. The increases were up to 9%.
Consumer
* Bridgestone Americas Tire Operations LLC will raise prices for passenger/light truck consumer replacement and OE tires in the U.S. and Canada, effective Nov. 1, 2011, prices for Bridgestone, Firestone and associate brand tires, by up to 8%.
* Michelin North America Inc. will raise prices on Michelin, BFGoodrich, Uniroyal, and private and associate passenger and light truck replacement tires sold in the U.S., up to 9%, effective Oct. 3.
* Pirelli & C. SpA raised prices on all consumer tires in the U.S. from 6% to 9%. The changes went into effect on June 1.
* Toyo Tire U.S.A. Corp. increased the dealer base price on passenger car and light truck tires up to an average of 8% on June 1.
* Falken Tire Corp. will increase prices up to 8% on its consumer tires effective July 1.
Canada
* Pirelli Tire Inc. raised prices 5% on its summer and all-season passenger and light truck tires effective July 1.
* Yokohama Tire (Canada) Inc. raised prices on its consumer tires on May 1, 2011. According to the company, all pricing on unfilled orders placed before May 1 "will be re-calculated at the new prices."
The price increases varied by tire category: High Performance, 5%; Light Truck, 4%; Passenger Touring, 4%; Winter, 4%.
* Michelin North America (Canada) Inc. raised consumer tire prices up to 10% effective June 1, 2011. (The product lines included in the company's April 1, 2011, "Winter Tires Base Price Book" were not included.)
