Kumho to Raise Tire Prices June 1

RANCHO CUCAMONGA, CA - Kumho Tire U.S.A. Inc. will raise prices on all passenger and light truck tires up to 8 percent effective June 1. A company spokesman says there also will be additional inline adjustments, reported Modern Tire Dealer.

"The unprecedented increase in raw material costs over the past few months have made it necessary for Kumho to implement this increase," according to the company.

Yokohama Tire Corp., Hankook Tire America Corp., Cooper Tire & Rubber Co., Falken Tire Corp., Bridgestone Americas Tire Operations LLC and Continental Tire the Americas LLC also will raise tire prices on June 1.