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Goodyear announces price hikes

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Goodyear Tire & Rubber Co. will increase Goodyear, Kelly and Dunlop brand consumer tire prices by 4% to 5%, effective Dec. 1.

Goodyear says the increases are necessary due to rising raw material costs.

The company raised its Goodyear brand commercial truck tire prices by 4% last month.

Other tiremakers have recently increased their prices.

Kumho Tire U.S.A Inc. hiked its passenger and light truck tire prices between 3% and 5% on Nov. 1.

Yokohama Tire Corp. also raised its passenger and light truck tire prices by 4% to 6% and its medium truck, OTR and commercial light truck tire prices by 3% to 5% earlier this month.

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