Conti Looking at Consumer Tyre Price Increases

Speaking to the German language automotive publication Automobilwoche, the head of Continental AG’s Passenger Car Tyre division, Nikolai Setzer, indicated that price rises are impending. Although exact price adjustments will vary from market to market, he said “the increases are expected to be in the vicinity of three to five per cent.”

Setzer also stated that he expects European markets to remain flat this year, while a rise of 20 per cent is anticipated for North America.