It looks like Cooper Tire & Rubber Co. will be the second tire manufacturer to announce a price increase or price increases three weeks into the new year.
“Due to the rising cost of raw materials throughout the tire industry, Cooper plans to announce a price increase effective on Feb. 1, or shortly thereafter, pending an assessment of market conditions," says a Cooper spokesperson.
"While further cost and market analysis is ongoing, we anticipate that the price increase will average between 0% and 8%, and will apply to both passenger and light truck products.”
Goodyear Tire & Rubber Co. was the first tire company to announce a price increase in 2017. For more information, check out this link: