Over the past two weeks several more tiremakers have announced they will raise their dealer prices on some of the tire models they sell.
Giti’s price hike
Giti announced they will increase prices on their GT Radial and “other brand” tires by nine percent. This price increase will affect their passenger, light truck, and truck tire product lines. Primewell and Dextero tire brands may also see price increases.
Titan International also confirmed they will be raising their prices on all Titan and Goodyear branded farm tires by eight percent.
Vice president of aftermarket sales at Titan, Paul Hawkins said: “A price increase is not something we take lightly. We remain committed to offering the most competitive programs possible across our complete product lineup, while ensuring we never compromise on the high quality and durability our customers expect.”
Pirelli’s prices jump
TP Commercial Solutions, LLC, the parent company of Pirelli and Formula tires announced that due to “the continued escalation of raw materials, logistics, and energy costs” they will raise prices on Pirelli and Formula brand truck, bus, agricultural and farm, and OTR tires sold in the United States by up to eight percent.
Continental Tire will also increase its prices in the U.S., but from May 1. Prices will leap by as much as seven percent on Continental and General passenger and light truck tires — although the amount will vary across the different tire lines and sizes.
And now Trelleborg, too
Agricultural and forestry tire specialist Trelleborg will also raise its prices by eight percent, effective April 1.