AKRON (April 18, 2005) — Goodyear and Yokohama Tire Corp. have announced price increases on their commercial tire lines of up to 6 percent.
Goodyear said it will increase the price of Goodyear, Dunlop and Kelly commercial tires by up to 6 percent, effective May 15. Private brand prices also will be affected.
Yokohama will raise prices by 5 to 6 percent on its medium truck/bus and light truck commercial tires, effective June 1. Detailed pricing will be provided to dealers before the actual increase, the tire maker said.
Both companies cited rising raw material costs, higher energy costs and increasing transportation costs as factors for the increases.