Goodyear to raise consumer, OTR tire prices

Goodyear Tire & Rubber Co. will raise prices on all of its consumer tires up to 4% and its OTR tires up to 5% on April 1.

Price hikes will cover all brands, according to a Goodyear spokesperson. Goodyear has already sent a letter to its dealers alerting them to the increases.

The price increases were necessary due to "increased costs in raw materials and transportation," he says.