29.06.2022 / What happens to the prices for Nokian and Michelin tires

At the end of June, it became known that Nokian and Michelin wind down their operations in Russia. The agency NAPI/Russian Automotive Market Research analyzed the dynamics of prices for new summer tires of these brands in January-June 2022 for all standard sizes presented on the Russian market for cars, light commercial vehicles, and trucks.

The largest increase in average prices for Michelin summer tires took place in March (+40.2% on February). Prices for Nokian summer tires increased more smoothly: by 13.7% in February and by 24.4% in March. In April, May, and June, prices for tires of both brands decreased, however, in June, the cost of Michelin summer tires increased by 18.7% on January 2022, while that of Nokian summer tires - by 35.9%.

Source: NAPI/Russian Automotive Market Research

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