Michelin Announces Commercial Price Hikes
(Akron/Tire Review) For the second time this year, Michelin North America (MNA) is raising prices on some of its commercial tyre product lines. Prices on Michelin and BFGoodrich branded replacement medium truck tyres will jump three to five per cent, MNA said. The increase will hit direct-billed fleet accounts as of 1 July, but won’t hit dealer accounts until 1 September, the company said.
Prices on OTR tyres sold in North America will increase by an average of 7 per cent, from the same date. Prices on replacement market agricultural tyres sold in Canada will go up five per cent on average, while agricultural tyre prices for US customers will increase by an average of eight per cent, also from 1 July.