Fuel is not the only expense that continues to rise for fleets. Several major tire manufacturers are set to raise their prices in July, which could put an even bigger strain on fleet budgets:
Modern Tire Dealer magazine provided an update of upcoming commercial tire price hikes on the horizon, which are listed below.
Effective July 5, 2011, Toyo Tire U.S.A. Corp. will increase the dealer base price list on commercial truck tires up to an average of 9%.
Yokohama Tire Corp. will increase its medium truck and commercial light truck tires effective July 1. The hikes will average 8%, with some in-line adjustments.
Continental Tire the Americas LLC will increase prices on all Continental, General and Ameri*Steel brand replacement commercial truck tires sold in the U.S. by 11% effective July 1, 2011.
Michelin North America Inc. will increase prices by an average of 12% on Michelin and BFGoodrich replacement commercial truck tires effective July 1. The increase also includes Michelin Retread Technologies retreads sold in the U.S. Michelin also raised prices up to 6% on Michelin brand replacement ag tires sold in the United States and Canada effective July 1.
Double Coin Holdings Ltd. raised prices up to 6%, effective June 1, on all Double Coin produced radial truck, OTR, crane and industrial tires. That included associate and private brand radial truck tires.
Falken Tire Corp. raised commercial truck tire prices by up to 10% effective June 1.
Hankook Tire America Corp. raised prices on its commercial tires, including Hankook and Aurora, effective June 1. The increases were up to 9%.
Remember, rising costs make good fuel management more important than ever! Protect your fleet’s budget today with a fuel management solution.
[via Automotive Fleet]
Photo courtesy of The Tire Zoo and re-used under the Creative Commons license.