HACKENSACK, N.J. – Hankook Tire America Corp. is raising prices by up to 5 percent on its full line of passenger, high performance, and light truck tires, according to Modern Tire Dealer magazine.

The amount of the increase will vary by product line and/or size. The increases will take effect Jan. 1, 2008.

Hankook said the price increases “reflect rising costs in raw materials as well as higher costs in transportation and general operating expenses.”

Originally posted on Fleet Financials