August 15, 2008

Hankook Announces Tire Price Increases

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WAYNE, NJ – Hankook Tire America Corp. is raising prices by up to 10 percent on its full line of passenger, light truck, and medium-duty truck tires, according to Modern Tire Dealer. The amount of the increase will vary by product line and/or size, the company said. The increases will take effect Oct. .1

Previously, Toyo Tire U.S.A. Corp. reported a price increase on its consumer and commercial tires up to 10 percent, also effective Oct. 1. The increases will cover Toyo brand passenger, light truck, truck, and OTR tires.

Cooper Tire & Rubber Co., Continental Tire North America Inc. (consumer only) and Michelin North America Inc. (commercial only) also will increase tire prices in October.

Goodyear Tire & Rubber Co., Kumho Tire U.S.A. Inc., Bridgestone Firestone North American Tire LLC, and Michelin (consumer only) will raise tire prices effective Sept. 1, as will Falken Tire Corp., China Manufacturers Alliance LLC, and Yokohama Tire Corp. (commercial only).  

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