Michelin, Continental, Dunlop, tires start to increase in price!
German Continental tires increase in price by 3%
On January 2, 2025, Continental Continental Tire (China) Co., Ltd. issued a notice on the price adjustment of German Continental tires in 2025. The notice stated that due to the continuous increase in the prices of various raw materials, the costs of freight, logistics, energy, etc. are also high, which is difficult to improve in the short term. In order to ensure that high-quality products and services are continued to be provided to partners and markets, the company decided to adjust the product purchase price from February 1, 2025, with an expected maximum increase of 3%.
Nordic Viking tires increase in price by 3%
Continental Continental Tires issued a notice on the price adjustment of Nordic Viking tires in 2025. Due to the continuous increase in the prices of various raw materials, the costs of freight, logistics, energy, etc. are also high, which is difficult to improve in the short term. In order to ensure that high-quality products and services are continued to be provided to partners and markets, the company decided to adjust the product purchase price from February 1, 2025, with an expected maximum increase of 3%.
Michelin price increase 3%-8%
On December 31, 2024, Michelin (China) Investment Co., Ltd., the world's top tire company, issued a notice on price adjustment.
Michelin said that due to the recent continuous rise in the prices of major raw materials, the cost of tire production has risen accordingly. In order to continue to provide the market with high-quality and high-performance products, improve consumers' travel experience, and ensure the company's own healthy and stable operation, the company decided to adjust the prices of products in the truck and bus business line, light truck tires and off-road transportation business line in China and Mongolia from January 20, 2025, with a price adjustment range of 3%-8%.
Dunlop price increases by 3% in 2025
On December 6, 2024, Dunlop Tire Sales Co., Ltd. issued a notice on the price adjustment of Dunlop tires from January 2025. The notice shows that due to the increase in the price of tire raw materials, the production cost of tires has increased significantly. In order to continue to provide consumers and customers with high-quality products as always, the company decided to adjust the price of Dunlop passenger car tires from January 1, 2025, with an overall adjustment of 3%.
Shuyan implements new price system in 2025
On December 2, 2024, Shanghai Shuyan Tire Sales Co., Ltd. issued a price adjustment notice stating that due to the downgrade of market consumption, in order to improve the service quality of physical dealers, the company decided to implement the new price system of its agent brands for Shuyan national dealers from January 1, 2025.
Sumitomo Rubber North American market price increase
Sumitomo Rubber North America will increase prices in the United States and Canada from January 1, 2025. The company has issued price increase statements many times in recent years.
The affected products include some Falken passenger tires, as well as some light truck and commercial truck products. According to company personnel, the increase is a response to rising operating costs. The company said: "Several factors have driven the need for this price increase, including increased transportation and labor costs, raw materials and other market factors. Sumitomo officials said that Falken's minimum advertised pricing plan brings higher profits on Falken products.
Raw material costs rise in 2024
Rubber price: The closing price of the main rubber price on December 31, 2024 was 17,820 yuan/ton. It is not difficult to see from the price list that throughout 2024, the price of rubber was generally high. At the beginning of the year, the price of rubber was 13,115 yuan/ton. In the second half of 2024, the price of rubber was maintained at more than 15,000 yuan/ton. This price is high in the past years.
Not only that, as early as November 2024, Kraton, a leading global supplier of specialty polymers, The United States Carbon Black Corporation announced that it will increase the price of all its styrene-butadiene-isoprene rubber (SIS), a synthetic rubber that is extremely important for tire manufacturing, by RMB 2,391 per ton (US$330 per ton) on January 1, 2025. The price of synthetic rubber is also rising!
Carbon black price: Cabot Corporation, a US carbon black supplier, announced that it will increase the sales price of its specialty carbon black worldwide from December 1, 2024. The price increase is due to the impact of inflation on labor costs, equipment maintenance costs and other production operations and supply chain-related costs. The price increase varies depending on the type and origin of carbon black.
Tires are made of natural rubber, synthetic rubber, carbon black, steel and a variety of chemical raw materials. Natural rubber accounts for 28% and synthetic rubber accounts for 26%, and these two raw materials account for more than 50%. Therefore, the price increase of raw materials is also the first factor affecting the cost of tire manufacturing.
The price increase is coming, and the stockpiling is still Is it far away?
The price increase has started again, and tire dealers are very entangled between buying and not buying. In the past, tire dealers were very cautious in the face of price increases, but now tire prices are involuted, and the increase in purchase costs often means a significant reduction in profits. Tire products continue to rise in price, and the "out-of-control" tire prices force tire dealers to start posting on WeChat Moments for help - Hurry up and get the money back, I want to buy!
More than one tire dealer posted related news on WeChat Moments. Many tire dealers posted information on debt collection and payment collection on WeChat Moments due to the increase in tire prices. After all, if you miss this price increase, you will lose a good opportunity to buy.
