Recently, tire companies at home and abroad have once again set off a wave of price hikes. Since October 1 this year, more than a dozen tire manufacturers have raised their prices. The companies that have increased their prices include domestic manufacturers such as Linglong, Zhengxin, Aeolus and Prinx Chengshan, as well as foreign tire brands such as Cooper, Kumho and Bridgestone.
In addition, in November, the number of companies that announced price increases suddenly soared. International brands such as Pirelli, Michelin and Goodyear have joined, and they have also swept the domestic companies such as Sailun, Yuan Feng, Yanchang and Sentury. This price increase directly spread to 2019, Pirelli, Continental and Toyo will increase their price of tire products in the United States on January 1st, 2019.
Experts said that as the Winter heating season approaches, environmental supervision will be further intensified, which will definitely have a huge impact on the supply of chemical raw materials needed for tire production. At the same time, logistics, warehousing, and labor costs are rising further. It is imperative for tire companies to raise prices in order to better ensure profitability.
No. | Manufacturer | Product | Percent of Increasing | Date |
1 | Pirelli | PCR in USA | 6% | 2019.1.1 |
2 | Continental | PCR and LT in North America | 6% | 2019.1.1 |
3 | Toyo | All tyre in USA | 2% | 2019.1.1 |
4 | Michelin | PCR in USA | 5% | 2019.1.1 |
5 | Goodyear | Commercial IN USA | 4% | 12.1 |
6 | Sentury | All tyre in USA | 3% | 12.1 |
7 | BCT | All tyre in USA | 3% | 11.15 |
8 | Yanchang | Invoice tyre price | 2-4% | 11.15 |
9 | Sailun | Invoice tyre price | 2-3% | 11.10 |
10 | Yuanfeng | All tyre | 2-3% | 11.10 |
11 | Bridgestone | All tyre | 10% | 11.09 |
12 | Jinyu | All tyre | 2-3% | 11.01 |
13 | Giti | Truck tyre | 10% | 11.01 |
14 | Wanli | PCR | 3% | 11.01 |
15 | Alliance | All tyre | 4% | 11.01 |
16 | Ningxiashenzhou | Invoice tyre price | 2% | 10.28 |
17 | Advance | All tyre | 3% | 10.20 |
18 | Linglong | All steel truck tyre | 3% | 10.10 |