Michelin Implements Price Increase Across Passenger Brands and Commercial Offers in North American Market
GREENVILLE, S.C., March 1, 2022 /CNW/ - Michelin North America is announcing price increases across its brands up to 5% on the majority of select passenger and light truck replacement tires, up to 9% on motorcycle tires, up to 8% on on-road (only 19.5 rim diameter and smaller) commercial tires and up to 19% on off-road tires due to market dynamics. Tread rubber and associated supplies will increase up to 6% across all brands and retread networks.
These increases will be effective on orders invoiced starting April 1, 2022, in the United States and Canada.
Passenger and light truck replacement winter tire price increases were communicated Feb. 2, 2022. There is not an additional increase to winter tires.
Price changes may vary across specific products within each brand portfolio. Details will be presented to dealers, end-users and commercial equipment manufacturers by March 15 with additional questions addressed directly through account managers.
About Michelin North America
Michelin, the leading mobility company, is dedicated to enhancing its customers' mobility, and sustainably; designing and distributing the most innovative tires, services and solutions for its customers' needs; providing digital services, maps and guides to help enrich trips and travels and make them unique experiences; and developing high-technology materials that serve a variety of industries. Headquartered in Greenville, South Carolina, Michelin North America has approximately 23,000 employees and operates 34 production facilities in the United States and Canada. (michelinman.com)
SOURCE Michelin North America Inc.
For further information: Megan Bagwell, Michelin North America, Inc., Email: megan.bagwell@michelin.com | www.michelinmedia.com