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Goodyear announces price increases

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The second wave of tire industry price hikes this year may have started.

Goodyear Tire & Rubber Co. is raising prices on most of its Goodyear, Kelly and Dunlop brand passenger and light truck tires up to 4%.

And the company is increasing its Aquatred 3 passenger and bias light truck tire prices by 5%.

All price increases are effective June 15, says a Goodyear spokesman.

The Akron, Ohio-based tiremaker is raising prices to compensate for "unprecedented energy cost increases" and "increased labor cost due to the pattern agreement established by Bridgestone/Firestone Inc." and the United Steelworkers of America last year.

Industry-wide price increases announced late last year and implemented earlier this year appear to be sticking.

For a more detailed look, check out Modern Tire Dealer's exclusive, five-part series on price hikes posted on www.mtdealer.com last week. The reports can be found in the Web site's "News Archives" section.

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