Dated: 22 December 2009
Manufacturers Set To Push Prices Up
2010 does not look like its going to be the year of the tyre. All across the world - from different sources - we’re hearing news that tyre manufacturers are set to push up their prices.
Just yesterday Michelin North America announced its intentions to raise the prices on both consumer and commercial vehicles by 1st February 2010. Other companies across the pond have already/are planning on doing the same. These include, BFGoodrich, Falken, Toyo, Nexen and Uniroyal.
Unfortunately this is not just a US problem. Just this month Continental predicted an increase in the prices of tyres sold within the EU for 2010, as the market struggles to cope with reduced demand.
Arthur Gregg, sales and marketing director for Continental commercial tyres, said earlier this month: "At the start of 2009 we saw the cost of raw materials and oil rise, which forced us to increase prices by 3% and then a further 6% in March to compensate. We've forecast that the pound will decline further against the euro and the cost of raw materials will invariably go up, so for that we've forecast a price increase of between 3% and 5% in the second quarter of 2010."
It does indeed sound disheartening for the consumer. However, there is one thing you can be sure of. At times like this when the industry is pushing the prices up, no matter what other retailers are charging - Blackcircles.com will strive to offer the same tyres at the lowest prices.