CYPRESS, Calif. (Dec. 7, 2009)—Toyo Tire U.S.A. Corp. will increase prices Jan. 1 on Toyo-brand consumer and commercial tires by up to 6 percent, depending on product, because of escalating raw material costs.
“We appreciate the continued support and understanding of our dealers as we manage our firm commitment to providing the highest quality products, with the steep increase in costs affecting our industry,” said John Hagan, senior director, sales operations for Toyo Tire U.S.A. Corp.
Toyo last raised prices in the U.S. on Nov. 1, by up to 5 percent for its Extensa A/S passenger tires and Open Country H/T and A/T light truck tires. Prior to that Toyo's last price increase was Oct. 1, 2008.