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Michelin North America, Toyo Tires announce tire price increases

auto sector

Michelin North America will increase U.S. national account prices up to 8 percent for all commercial brands, products and services, effective Dec. 1, 2018. Toyo Tires’ price increase will start on January 1, 2019, the company will adjust the dealer base prices on select passenger, light truck, and commercial truck tires.

“Market dynamics and government actions have made it necessary to adjust our prices,” said Randy Gaetz, senior vice president, sales, Toyo Tire U.S.A. Corp. “As always, we remain committed to providing excellent products, service and quality for our dealers and consumers; and greatly appreciate their business.”

Toyo Tires will have price adjustments on the following products: Extensa A/S, Extensa HP II, Proxes 4 Plus, and Versado Noir for passenger cars; and the Open Country Q/T, Open Country A/T II, Open Country R/T, and Open Country M/T for light trucks and SUVs. Commercial truck tire prices will increase by two percent, except for the Toyo M320Z on/off-road tire.

Michelin will also increase prices up to 5 percent for passenger and light-truck tires under the Michelin, BFGoodrich, and UNIROYAL brands, as well as MICHELIN tires in the two-wheel segment, sold in the United States and Canada. This will be effective January 1, 2019.

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