The Car and Truck Fleet and Leasing Management Magazine

Toyo Tire Hikes Prices Up to 5%

October 2, 2006

CYPRESS, CA – Toyo Tire (U.S.A.) Corp. will raise its passenger, light truck, and medium truck tire prices up to 5 percent, effective Oct. 1, with in-line adjustments, according to Modern Tire Dealer magazine. Also on Oct. 1, Toyo hiked its OTR tire prices up to 7 percent. "Due to the rapidly increasing costs of raw materials, energy, and transportation worldwide, Toyo has to adjust our pricing accordingly," says Steve Weinger, Toyo's senior vice president of sales and marketing. Earlier this week, Nexen Tire America Inc. announced it will raise its passenger and light truck tire prices up to 6 percent, effective Nov. 1. "The main reasons for the increase include continuing price hikes on raw materials, higher transportation costs, and rising operating expenses," said Nexen officials.
Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.


Fleet Tracking And Telematics

Todd Ewing from Fleetmatics will answer your questions and challenges

View All


Fleet Management And Leasing

Merchants Experts will answer your questions and challenges

View All


Sponsored by

The National Truck Equipment Association (NTEA) is an association formed to provide technical information and a range of member services for companies and organizations involved in the work truck marketplace.

Read more

Up Next

More From The World's Largest Fleet Publisher