Increased tire prices in North America due to increased costs

Due to rising raw material prices and increased energy costs, tire suppliers in the North American market have raised tire prices.

Bridgestone Americas Tire Operations LLC (BATO) recently announced that starting from November 1, 2011, Bridgestone, Firestone and other brands of passenger car and light truck original tires and replacement tires The price is raised by 8%.

Larry Magee, president of BATO, said: "Because of the increase in raw material and energy costs, we must make corresponding adjustments to tire prices. We pay great attention to the interests of our customers, and we are always trying to maintain the price competitiveness of Bridgestone tires, but the cost will increase. Let us have no way out, we can only increase tire prices accordingly."

Pirelli, Japan’s Toyo Tires and Falken Tire have raised their tire prices by 8% from June to July this year; Michelin’s North America Division also announced that it has sold passenger cars such as Michelin, Belcherchi and Uniroyal in the United States. The price of light truck tires will increase by 9% from October 3 this year; the price of commercial vehicle tires will increase by 8%.