Goodyear may raise prices on US and Canadian consumer tyres in June by 6% according to US media reports.

The reports – citing higher raw material and transportation costs – also note Akron saying it might equally have to increase charges as rubber and material prices rise.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Raw materials are thought to be increasing by around 15% this quarter compared to the previous three months.

Detroit media also say Michelin North America would hike its prices by up to 6% next month.

Last week, Goodyear narrowed its first quarter loss to US$47m due to higher demand and says that but for a one-time charge it would have notched up a profit of US$52m.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Auto Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now