Bridgestone adds to tire-price rises in North America

Nashville, Tennessee – Bridgestone Americas is raising national account, national fleet and national fleet preferred-account prices on all Bridgestone and Firestone truck and bus tires and Bandag retreads sold in the US and Canada, effective 9 Nov.

Bridgestone said the price adjustment by its Bridgestone Americas Tire Operations LLC (BATO) and Bridgestone Canada Inc. units varies by product line and service, but did not disclose any percentage range.

Bridgestone said its sales and account teams are communicating specific details to each customer. The tire maker said the price increase is in response to increased business costs and other market dynamics.

This is the fourth Bridgestone price adjustment announced in the past several weeks.

On 24 Sept, BATO raised prices 10% on Dayton-brand truck and bus tires sold in the U.S. and Canada, and on 1 Oct it increased prices on replacement passenger and light truck tires sold in the US by 3.5% and up to 4% on “select" Firestone-brand agriculture tires sold in the US and Canada.

Cooper Tire & Rubber Co. (up to 4% on all Cooper-produced passenger and light truck tire brands) and Kumho Tire USA Inc. (up to 6% on its passenger, light truck and medium truck tires sold in the US) also increased prices 1 Oct.

Other tire makers that announced price increases effective 1 Nov include:

Giti Tire USA (5% on passenger, light truck, SUV and CUV tires, and up to 10% on all truck/bus tires);

Alliance Tire Americas Inc. (4% across all product lines for the Alliance, Galaxy and Primex brands); and

Nexen Tire Americas Inc. (as much as 6% on all passenger and light truck tires sold in the US).