Michelin Will Raise Commercial Tire Prices

GREENVILLE, S.C. – Michelin North America Inc. will raise prices on its Michelin and BFGoodrich brand commercial truck tires up to eight percent on Apr. 1, according to Modern Tire Dealer magazine. Price hikes will cover replacement tires sold in the United States and also will apply to Michelin Retread Technologies Inc. retreads. 

Michelin is raising prices “due to the continued escalation of raw material costs,” according to Michelin officials.