RANCHO CUCAMONGA, Calif. (Dec. 29, 2005) — Kumho Tire USA Inc. will raise prices up to 6 percent, effective Feb. 1.
Kumho said the price increases will apply to passenger, light truck and commercial truck tires. Specific increases depend on the tire model.
The company cited continuing rising costs for raw materials and shipping costs as reasons for the tire price hikes. Kumho last raised prices on June 1.