Pirelli announces US tyre price increases
Pirelli Tire North America (PTNA) has announced car and light truck tyre price increases in the United States. The price increases, which range up to 7 per cent, are set to take effect as of 15 April 2021.
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Yokohama Off-Highway Tires EMEA raises prices
Yokohama OHT EMEAYokohama Off-Highway Tires Europe Middle East and Africa (YOHT EMEA) has announced across-the-board price increases of 4.5 to 5.5 per cent. An official statement specified that the first price increase of 4.5 to 5.5 per cent was implemented on 1 Jan 2021. The new pricing will apply to the entire portfolio of Yokohama Off-Highway Tires EMEA (including the Alliance and Galaxy brands) and will take effect from 1 April 2021.
Marangoni increasing prices in Europe
As of 1 March 2021, the price of the rubber materials that Marangoni Retreading Systems supplies for tyre retreading will increase by 0.20 euros per kilogramme in all European markets. Marangoni says this increase reflects price increases for raw materials used within the sector.
50+ Chinese tyremakers increase prices
E Bouman; PixabayDuring January 2021 more than 50 domestic Chinese tyre businesses announced plans to increase prices. And, according to Robert Ho, marketing officer at Comforser Tire Co. Ltd., we can expect still further prices increases in February and March.
Bridgestone to increase tyre prices in Europe on 1 March
Bridgestone will increase tyre prices in Europe on 1 March. Prices will increase by an average of 4 per cent on its truck and bus tyre products and by an average of 5 per cent on its passenger car and van tyre portfolio. The manufacturer said it has chosen to implement price hikes “due to the current market conditions.” Bridgestone added that its EMIA sales team will contact customers to provide more information about the changes.
Shipping costs temporary, price increases less so
PexelsThe effects of the coronavirus and Brexit have led to an increasingly severe shipping bottleneck. The inevitable result of all of these factors is price increases. Tyres & Accessories spoke with Micheldever Tyre Services (MTS) wholesale director Graham Mitchell in order to find out more about what this means for the tyre retail sector.
Getting right to the point, are prices going to go up in 2021? “Undoubtedly,” was Mitchell’s immediate and definite response, with the wholesale director pointing to the three main factors behind the current and forthcoming price hikes as well as the different variables associated with each: “Containerised cost of product coming out of the far east…that’s not doubled, that’s quadrupled…a significant on-cost not to be underplayed…and then you’ve got a currency element that’s forcing manufacturing costs up as well.” The good news is that wholesale sources are confident that the containerised element is temporary, but the same cannot be said about other factors.
Nexen Tire Europe raising prices by up to 6.6%
Nexen Tire Europe has announced plans to raise tyre prices across the board. According to the company, the price hike is due to rising raw material costs “as well as freight and logistics costs”.
Brexit, Covid and shipping cost increases point to tyre price hikes in 2021
Lukas: PexelsAfter months of mounting pressure on UK ports, the automotive industry is bearing visible signs of strain. Specifically, Honda UK halted production at its Swindon factory in December 2020 because it couldn’t get the right parts in time to continue production. But the ramifications don’t end there. General UK tyre supply is likely to be impacted too. And the result of the Brexit and Covid market pressures as well as shipping cost increases are likely to result in tyre industry price hikes during 2021.
Michelin raises light truck- and car-tyre prices in North America
Michelin North America recently announced price increases on selected Michelin and BFGoodrich passenger and light truck tyres.
Conti announces US tyre price increase
Continental Tire the Americas has announced plans to increase prices on select Continental and General passenger and light truck tyres in the US market.
Bridgestone increasing car tyre replacement prices in North America
Bridgestone has announced it will increase prices for selected Bridgestone and Firestone-branded passenger and light truck replacement tyres sold in the US and Canada.
Pirelli raises car and light truck tyre prices in the USA
On 2 December 2020 Pirelli announced price increases in the United States for car and light truck tyres, taking effect on 1 January 2021. According to the company, the increases will vary according to the tyre model and size.
Falken tyre prices going up in North America
Sumitomo Rubber North America is set to increase prices the price of Falken and Ohtsu branded passenger, light truck and medium truck tyres in the US and Canada on as well as implementing inline adjustments on a per size basis.
Bridgestone raising tyre prices 4 per cent
BridgestoneBridgestone EMIA (Europe Middle East India and Africa) has announced a price increase of up to 4 per cent.
Tokai Carbon raises carbon black price
Tokai Carbon has raised prices across all grades of carbon black effective 1 May 2020 by 6 yen a kilogram. According to the company, the price increase is because “Due to the impact of tighter regulations on bunker fuel oil sulphur content by international Marine Organization (IMO), the index used in previous price revisions can no longer be used.
