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 TBR tires, effective Nov. 1.
The tire maker said the increase reflects the 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 next month, 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 announcing price increases recently are 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.), effective Oct. 1.
Goodyear raised prices up to 3 percent Sept. 1 on "select" consumer tire lines in the U.S., covering all Goodyear brands.