CYPRESS, Calif. — Toyo Tire U.S.A. Corp. will be raising dealer base prices on on select passenger car, light truck, and commercial tire patterns by up to 5%, effective Aug. 1.
Toyo said the increase is a result of continued increases in raw materials and logistics costs.
Toyo Tire last raised dealer base prices, on passenger car, light truck and commercial truck tires, by up to 10%, on Feb. 1. It cited the same factors for that price hike.
Other recent price hikes:
- Goodyear will raise prices in the U.S. and Canada on Goodyear- and Cooper-brand consumer tires by up to 10% and on commercial truck tires by up to 6% on July 1.
Bridgestone Americas Inc. will raise prices on Bridgestone-, Firestone- and Fuzion-brand passenger, light truck and motorcycle tires in the U.S. and Canada by up to 10% on July 1.
Kumho Tire Canada will raise prices throughout Canada by 5% to 7% on specific all-season passenger and light truck tire lines on July 1.
Sumitomo Rubber North America Inc. will raise prices in the U.S. and Canada by an undisclosed amount on Falken-brand passenger, light truck and medium truck tires on July 1.
Yokohama Tire Corp. will raise prices in the U.S. on replacement market consumer and commercial tires by an undisclosed amount on July 1.
