Continental Puts European Tyre Prices Up 5%
Continental AG has announced that it will increase its European passenger car and light truck tyre prices (across of all brands) by 5 per cent. According to a company statement, the price hike comes in response to offset rising raw materials and energy costs and will take effect on 1 October. Continental increased prices by between 3 and 4 per cent in June.
In the UK, Continental Tyre Group will be increasing its prices a month earlier on 1 September, a move the company describes as being in line with the UK market strategy. The UK price rise will be in line with the wider European increase – 5 per cent across all passenger, van and 4×4 tyres and all Continental group brands. Continental is reportedly in the process of notifying customers this week.