Michelin implements price increase in U.S., Canada

Michelin North America is announcing price increases across its brands ranging from 5 to 12 percent.

Michelin says the price hikes are on the majority of passenger and light truck replacement tires and service offers, but includes up to 12 percent for on-road and off-road commercial products and service offers.

These increases will be effective on orders invoiced starting June 1, 2022, in the United States and Canada.

Price changes may vary across specific products, channels and countries within each brand portfolio. Details will be presented to dealers, end-users and commercial equipment manufacturers by May 15 with additional questions addressed directly through account managers, the company says.

Learn how to move your used trucks faster
With unsold used inventory depreciating at a rate of more than 2% monthly, efficient inventory turnover is a must for dealers. Download this eBook to access proven strategies for selling used trucks faster.
Used Truck Guide Cover