FINDLAY, OHIO – Cooper Tire & Rubber Co. will raise its passenger- and light-truck tire prices up to five percent on Feb. 1. Rates of increase will vary between product lines, according to Modern Tire Dealer magazine. Continental Tire North America Inc. recently announced it will raise prices on its Continental, General, Semperit, and private brand truck tires up to six percent on that day.
A number of tire manufacturers plan to hike prices on Jan. 1, including:
Hankook Tire America Corp., which will raise its passenger, high performance, and light truck tire prices up to five percent.
Nexen Tire America Inc., which will hike its passenger, light truck, performance, and ultra-high performance tire prices by two percent to seven percent.
Michelin North America Inc., which will raise prices on its Michelin and BFGoodrich brand medium truck tires up to six percent and its farm tires up to four percent.
Yokohama Tire Corp., which will increase its passenger and light truck tire prices up to seven percent, its medium and light truck commercial tire prices up to four percent, and its OTR tire prices up to five percent.
In addition, Bridgestone Bandag LLC increased its tread rubber prices up to four percent on Dec. 4.