AKRON (Aug. 3, 2005) — Citing the relentless rise in raw materials and transportation costs, Goodyear today said it is raising tire prices by up to 8 percent, the second such increase in the past four months.
The latest price hikes affect all brands of consumer and commercial tires the company produces and will take effect Sept. 1. The Akron-based tire maker said passenger and light truck tire prices will rise between 5 and 8 percent, while those for commercial tires will increase up to 5 percent.
Goodyear most recently hiked the prices of its passenger and light truck lines—including Goodyear, Kelly, Dunlop, Republic and associate lines—up to 5 percent on June 1.
Two weeks earlier, the tire maker also boosted prices of its commercial tires up to 6 percent.