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Hankook Will Raise Consumer, Commercial Tire Prices

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Hankook consumer and commercial tire prices will increase by up to 6%.

Hankook Tire America Corp. will raise prices on its Hankook and Laufenn brand passenger and light truck tires and Hankook brand commercial truck tires up to 6% on Nov. 1.

Hikes will vary "by product within each brand portfolio," according to Hankook officials.

They "are the result of several factors, including rising cost of operations and raw materials, increased logistics costs and other market factors that have affected internal costs."

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