SANTA ANA, Calif.—Yokohama Tire Corp. plans to raise prices of consumer replacement tires sold in the U.S. by up to 5 percent, effective Nov. 1.
Yokohama said the increase includes high performance, light truck and passenger car tires. The tire maker did not cite the reason behind the increase.
YTC last raised prices in the U.S. in November 2019, again by 5 percent.
Bridgestone Americas Tire Operations also is raising prices Nov. 1, on all radial Firestone-brand truck and bus tires sold in the U.S by an average of more than 5 percent, with some prices by more than 8 percent.
Firestone said the price hike is due to current market conditions, including rising production and transportation costs.