MISSISSAUGA, Ontario — Kumho Tire Canada is planning to raise prices on select consumer and commercial tire lines by 5% to 12%, effective April 1.
The price increase affects Kumho all-season, all-weather, winter and commercial tire lines. The increases vary by line.
The company cited "market dynamics" as the reason for the change.
Details will be presented to Kumho customers before the end of March.
Other recent price increases include:
Other recent increases include:
- Bridgestone Americas and Bridgestone Canada raising prices April 1 up to 10% on non-winter Bridgestone-, Firestone- and Fuzion-brand passenger and light truck replacement tires sold in the U.S. and Canada;
- Michelin North America Inc. raising prices April 1 by up to 5% across its brands on "select" passenger and light truck replacement tires, up to 9% on motorcycle tires, up to 8% on road-going (only 19.5 rim diameter and smaller) commercial tires (19.5-inch rim diameter and smaller) and by up to 19% on off-road tires and by up to 5% on select Michelin, BFGoodrich and Uniroyal passenger and light truck winter tires;
- Continental Tire the Americas raising prices April 1 on select Continental and General passenger and light truck tires in the U.S. market;
- Sumitomo Rubber North America raised prices March 1 in the U.S., Canada and the Caribbean on Falken- and Ohtsu-brand passenger, light truck and medium truck tires by undisclosed amounts;
- Yokohama Tire Corp. raised prices Feb. 1 by undisclosed percentages on on consumer replacement tires and commercial truck tires sold in the U.S.