Bridgestone Americas Tire Operations has announced that it is joining the growing number of tiremakers increasing prices as a result of increased operations costs. The price increase will apply to tires shipped after Sept. 24.
Bridgestone’s full statement:
In response to increased business costs and other market dynamics, Bridgestone Americas Tire Operations (BATO) will increase prices 10 percent on Dayton brand truck and bus radial (TBR) tires sold in the U.S. and Canada. All Dayton truck and bus tires shipped on or after September 24, 2018 will reflect this increase. Members of the BATO Commercial sales team are contacting customers to provide more detailed information about the changes.
A list of some other tiremakers announcing recent price increases:
- Sept. 24: Nexen Tire America to increase its prices by up to 6% by Nov. 1.
- Sept. 21: Alliance Tire Americas announces price increases up to 4% by Nov. 1.
- Sept. 12: Kumho Tire to increase prices by up to 6% by Oct. 1.
- Sept. 10: Bridgestone to raise prices on passenger and light truck tires by up to 3.5% by Oct. 1.
- Sept. 5: Cooper Tire & Rubber Company to hike prices by up to 4% across all of its brands by Oct. 1.
- Aug. 29: Firestone Ag will increase prices up to 4% for select agricultural tires sold in the U.S. and Canada by Oct. 1.
- Aug. 20: Goodyear Tire & Rubber Co. announced it will raise prices on select consumer tire lines by up to 3%, effective Sept. 1.
- April 16: Alliance Tire Americas announced it will hike prices by up to 6% by May 1.
- April 3: Falken Tires announced a price increase between 3-7% on certain products by May 1.
- March 28: The Carlstar Group announced it would increase prices up to 18% on all steel and aluminum wheels and steel components effective April 9.
- March 19: Camso announced it would raise prices 1-6% on its aftermarket products including tires due to the rising cost of raw materials.
Many manufacturers have cited the increased cost of raw materials – such as carbon black and butadiene – as a reason for raising their prices.