RANCHO CUCAMONGA, Calif. — Giti Tire USA is raising prices by up to 5 percent on passenger, light truck, SUV and CUV tires, and up to 10 percent on all truck/bus tires, effective Nov. 1.
The tire maker said the increase reflects raw-material and transportation cost increases incurred by the company over the past several months, along with the recent tariff increase.
With the move, Giti joins a list of companies to have announced tire price increases recently.
Beginning Nov. 1, Alliance Tire Americas Inc. will increase prices by 4 percent across all product lines for the Alliance, Galaxy and Primex brands. At the same time, Nexen Tire Americas Inc. will increase prices by as much as 6 percent on all passenger and light truck tires sold in the U.S.
Others announced price increases that took effect Oct. 1. They were: Bridgestone Americas Tire Operations (3.5 percent on replacement passenger and light truck tires sold in the U.S. and up to 4 percent on "select" Firestone-brand agriculture tires sold in the U.S. and Canada), Cooper Tire & Rubber Co. (up to 4 percent on all Cooper-produced passenger and light truck tire brands) and Kumho Tire USA Inc. (up to 6 percent on its passenger, light truck and medium truck tires sold in the U.S.).
Goodyear raised prices up to 3 percent Sept. 1 on "select" consumer tire lines in the U.S., covering all Goodyear brands.