Hankook Will Raise Tire Prices Again

Hankook Tire America Corp. will increase prices up to 3.5% on its commercial products on Oct. 1, 2017.
Sept. 13, 2017

Hankook Tire America Corp. will increase prices up to 3.5% on its commercial products on Oct. 1, 2017.

Hankook previously increased prices on April 1.

The company says it set “stern limits” on the April 1 increase in order to protect customers. However, the company says the modest increase left it “under-recovered.” Hankook is taking further pricing action due to other business factors such as increasing operating and production costs.

Sign up for Modern Tire Dealer Newsletters
Get the latest news and updates.