SANTA ANA, Calif.—Yokohama Tire Corp. will raise prices by as much as 5 percent on its consumer tires, effective Nov. 1.
The price hike includes high-performance, light truck and passenger car tires.
Yokohama is one of several tire makers who have announced price increases.
Pirelli Tire North America L.L.C. plans to raise prices on replacement market passenger and light truck tires in the U.S. on Oct. 1 but declined to say by how much. The increase will vary by line and tire size, and that it will communicate directly with its customers on the size of the increases. Pirelli also raised prices by an average of 6% on Jan. 1.
Michelin North America Inc. increased prices on selected Michelin-and BFGoodrich-brand passenger and light-truck tires in the U.S. and Canada by up to 5 percent on Sept. 1. Michelin also raised passenger and light-truck tire prices in the U.S. and Canada by up to 5 percent on Jan. 1, which included Uniroyal-brand consumer tires and Michelin-brand two-wheeler tires, sold in the U.S. and Canada.
Cooper Tire & Rubber Co. raised prices on its Cooper- and Roadmaster-brand truck tires to compensate for the elevated import duties levied by the U.S. government on truck tires from China. The increases were effective after the start of the second quarter. Cooper declined to disclose the scale of the increase.