Kumho will hike prices up to 7%
Kumho Tire U.S.A. Inc. will raise passenger, light truck and commercial truck tire prices up to 7% on July 1.
Individual increases will depend on tire model, say Kumho officials.
David Hudrlik, Kumho vice president and director of sales, cites rising raw material and transportation costs as reasons for the increase.
Kumho last raised prices four months ago.