CYPRESS, Calif.—Toyo Tire U.S.A. Corp. will increase the U.S. dealer base prices on select passenger car and light truck tires by up to 2 percent to 8 percent, effective Nov. 1.
The company said the price increase is a result of continued increases in raw materials and logistics costs.
Toyo previously raised prices across all tire categories in the U.S. by up to 8.5 percent on Aug. 1 and on most consumer and commercial tires in the U.S. and consumer tires in Canada by up to 6 percent on May 1.
