Cooper will raise passenger, light truck tire prices
Cooper Tire & Rubber Co. will raise its passenger and light truck tire prices up to 5% on Feb. 1. Rates of increase will vary between product lines, say Cooper officials.
Continental Tire North America Inc. recently announced it will raise prices on its Continental, General, Semperit and private brand truck tires up to 6% on that day.
A number of tire manufacturers plan to hike prices on Jan. 1, including:
* Hankook Tire America Corp., which will raise its passenger, high performance and light truck tire prices up to 5%.
* Nexen Tire America Inc., which will hike its passenger, light truck, performance and ultra-high performance tire prices by 2% to 7%.
* Michelin North America Inc., which will raise prices on its Michelin and BFGoodrich brand medium truck tires up to 6% and its farm tires up to 4%.
* Yokohama Tire Corp., which will increase its passenger and light truck tire prices up to 7%, its medium and light truck commercial tire prices up to 4% and its OTR tire prices up to 5%.
In addition, Bridgestone Bandag LLC increased its tread rubber prices up to 4% on Dec. 4.