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September 12, 2018 02:00 AM

Kumho to raise prices Oct. 1 in the U.S. by up to 6%

Tire Business Staff
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    ATLANTA — Kumho Tire USA Inc. plans to raise prices on its passenger, light truck and medium truck tires sold in the U.S. by up to 6 percent, effective Oct. 1.

    The price adjustment will vary by SKU, Kumho said, and reflects economic factors such as increased raw material costs. The Atlanta-based company said it is "confident that the price increase will ultimately benefit the customer experience."

    Kumho last raised prices in the U.S. on April 1, 2017, by up to 8 percent.

    Kumho is the fourth major tire maker to announce price increases recently.

    The others are:

    Bridgestone Americas — up to 3.5 percent on replacement passenger and light truck tires sold in the U.S., varying by product line, and up to 4 percent on "select" Firestone-brand agriculture tires sold in the U.S. and Canada, effective Oct. 1.

    Cooper Tire & Rubber Co. — up to 4 percent on all Cooper-produced passenger and light truck tire brands; and

    Goodyear raised prices up to 3 percent Sept. 1 on "select consumer tire lines" in the U.S., most up to 3 percent, effective Sept. 1. Goodyear said the increase covers all Goodyear brands sold in the U.S.

     

     

     

     

     

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