Retail

Toyo will raise prices up to 8%

Posted on May 6, 2010

Toyo Tire U.S.A. Corp. will raise its passenger, light truck, commercial truck and OTR tire prices up to 8%, along with in-line adjustments, on June 1.

"The increase in the cost of raw materials ultimately results in price increases throughout our industry," says John Hagan, senior director, sales operations, for Toyo.

In addition to Toyo, Goodyear Tire & Rubber Co., Nexen Tire America Inc., Kumho Tire U.S.A. Inc., Yokohama Tire Corp., Hankook Tire America Corp., Michelin North America Inc., Cooper Tire & Rubber Co., Falken Tire Corp., Bridgestone Americas Tire Operations LLC and Continental Tire the Americas LLC also will raise tire prices on June 1.

Goodyear: An increase of up to 6% will apply to all of the company's consumer tires.

Nexen: An 8% price increase will apply to all warehouse orders and June factory direct container production.

Kumho: Passenger and light truck tire prices will be raised up to 8% effective. A company spokesman says there also will be additional inline adjustments.

Yokohama: The company will raise its consumer prices up to 8%, and also will make some in-line adjustments.

Hankook: Passenger, light truck and medium truck tire prices will be increased up to 6%, although specific increases will vary by product line and tire size.

Michelin: Domestic Michelin, BFGoodrich, Uniroyal, private and associate brand replacement passenger and light truck tire prices will be increased by up to 6%. The increases also apply to Michelin replacement motorcycle tires sold in North America.

Cooper: Prices on all of Cooper's passenger and light truck tires will increase by up to 7.5%. The company says only its tires sold in North America will be affected.

Falken: Consumer tire prices will increase up to 6%; radial medium truck tire prices will rise up to 4%.

Bridgestone: The prices on the company's Bridgestone, Firestone and associate brand passenger and light truck tires in the United States will be increased up to 6%. Prices on Firestone and Dayton brand truck and bus tires will be raised up to  6%.

Continental: Passenger and light truck tire prices will increase up to 6%, while medium truck tire prices will increase up to 7%. All Continental, General and proprietary brands will be affected.

Pirelli Tire North America will increase replacement passenger and light truck tire prices 4% effective one month later, July 1, 2010. The increase will apply to tires sold in the United States.

Michelin North America Inc. raised prices on replacement truck tires sold in the U.S. by 3% to 7% on May 1. The same day, Michelin hiked its U.S. and Canada ag tire prices by an average of 4.5%.

Goodyear also raised commercial truck tire prices effective May 1. Increases up to 8% applied to the company's truck tire brands in North America. In addition, Goodyear increase tread rubber prices by up to 7%.

Related Topics: Price increases, Raw Material Prices, Toyo Tire U.S.A. Corp.

Comments ( 0 )
More Stories
News

Union Official Calls Tariff Vote 'A Huge Mistake'

The leader of the United Steelworkers union says the International Trade Commission has made "a huge mistake" in not imposing tariffs on truck and bus tires from China. And based on early feedback from Modern Tire Dealer readers, tire dealers and particularly retreaders agree.

News

Two Asian Automotive Shows in One in March

Tyrexpo Asia 2017 and the inaugural edition of GarageXpo Asia will be held in conjunction with each other March 21-23, 2017, in Singapore. The events are organized by SingEx Exhibitions Pte. Ltd.

Bobby Hendry from 31 Inc. was from one of 80-plus vendors at the Tire Factory trade show. Here he talks to Mike Fleming, equipment supply manager for the dealer group, and Marc Thompson from Point S Everett in Everett, Wash.
News

Point S Rebranding Exceeds Expectations in the U.S., and Points to More Growth

Tire Factory Inc. members have rebranded the vast majority of their 206 stores to the Point S banner at a breakneck pace. And leaders of the Oregon-based cooperative are unveiling new programs with two big hopes: the momentum of current members continues, and more independent tire dealers join their network.

News

Cooper Enjoys a Full-Year Income-to-Sales Ratio of 8.5%

Cooper Tire & Rubber Co. posted net income of $69.3 million on net sales of $783.9 million for its fourth quarter ended Dec. 31, 2016. That compares to income of $59.2 million on sales of $775.5 million for the same period in 2015.

ATV has added 6 stores to its network of American Tire Depot stores in California.
News

ATV Opens 6 American Tire Depot Stores

ATV Inc. has acquired six stores in the greater Los Angeles metro area. The purchase expands ATV's network of American Tire Depot stores to 98 outlets, all in California.

News

MATDA Joins TIA's Social Media Platform

The Mid-America Tire Dealers Association (MATDA) has joined the social media content platform developed by the Tire Industry Association (TIA) and the Automotive Marketing Foundation (AMF).

Be the First to Know

Get the latest news and most popular articles from MTD delivered straight to your inbox. Stay on top of the tire industry and don't miss a thing!