Toyo announces price increases
Toyo Tire USA Corp. will raise prices on most of its passenger, light truck and medium truck tires by 3% to 5%, effective Jan. 1.
At the same time, Toyo will raise off-the-road tire prices by 1% to 2%.
Toyo joins a number of tire manufacturers that have announced price increases.
Bridgestone/Firestone North American Tire LLC also will raise its passenger and light truck tire prices on Jan. 1. The 4% to 5% increase will affect its Bridgestone, Firestone, Dayton, associate and private brand tires.
The company will raise prices on its Bridgestone, Firestone and Dayton medium and heavy truck tires 3% to 4%.
Pirelli Tire North America will raise its passenger and light truck tire prices an average of 5% beginning Jan. 1.
On Dec. 1, Yokohama Tire Corp. will raise its passenger and light truck tire prices by 4% to 6%, while Cooper Tire & Rubber Co. will hike all its passenger and light truck tire prices by 5%.
Goodyear Tire & Rubber Co. will raise prices 4% to 5% on its Goodyear, Kelly and Dunlop passenger and light truck tires on Dec. 1.
Kumho Tire U.S.A. Inc. raised its passenger and light truck tire prices between 3% and 5% on Nov. 1. On the same day, Michelin North America Inc. raised prices up to 4% on certain SKUs of BFGoodrich tires.