FULLERTON, Calif. (Jan. 4, 2012)—Yokohama Tire Corp. will increase prices up to 8 percent on all of its commercial truck tires in the U.S., effective Feb. 1.
Yokohama said there will be in-line adjustments, as well, which will be announced at a later date.
“Manufacturing and logistics costs associated with commercial products, unfortunately, have continued to be at high levels,” said Rick Phillips, Yokohama director of commercial sales. “These, along with domestic and global economic pressures, have made initiating the price increase unavoidable. Despite the industry challenges, Yokohama will continue to use the latest technologies and environmental procedures to produce the best commercial tires at competitive prices.”
The tire maker last raised truck tire prices on Oct. 1, by up to 8 percent, with in-line adjustments. YTC also increased prices Jan. 1 on all its OTR tires in the U.S. by up to 15 percent.