Sentury Tire USA Inc. will raise the prices of all tires in December 2018.
The company says the increase will be reflected on all tire invoices after Dec. 1.
“Increases in transportation and logistics costs have had a negative effect on production and general operating expenses,” says Maxwell Wee, executive vice president of Sentury Tire USA. “Other factors for the price increase include the changing dynamics of the tire industry due to external pressures as a result of governmental actions and challenges in the supply chain across our industry.
"In spite of these obstacles, we continue to see dynamic growth and are on target for a breakout sales year in 2019. We will continue to provide our dealer/distributor customers outstanding fill-rates and superior customer service.”
Sentury representatives will contact customers to provide them with more detailed information about the increase.