Continental Tire North America will raise prices up to 6%

Aug. 1, 2007

Continental Tire North America Inc. will raise its tire prices effective Oct. 1, 2007.

A price increase of up to 6% will be levied on all the company's Continental, General and proprietary brand passenger and light truck tires in the United States. It will vary by market line and/or tire size.

The price increase "is a result of the escalation of transportation and raw material costs, including natural rubber," says Continental, which last raised consumer tire prices April 2.

On July 26, Falken Tire Corp. announced it will make price adjustments on selected Falken brand consumer tires effective Sept. 1, 2007.

Both Goodyear Tire & Rubber Co. (up to 8%) and Kumho Tire U.S.A. Inc. (up to 7%) raised their passenger and light truck tire prices on Aug. 1.