Toyo Tire U.S.A. Corp. plans a 7 percent upcharge in prices on its commercial truck tires, starting Feb. 1, 2010
Toyo Tire to Hike Prices on Truck Tires
Toyo Tire U.S.A. Corp. plans a 7 percent upcharge in prices on its commercial truck tires, starting Feb. 1, 201
by Staff
January 5, 2010
Toyo's February markup on commercial truck tires would be the manufacturer's second boost in 30 days.
1 min to read
, according to reports in Modern Tire Dealer.
The publication says the company is increasing the prices due to higher raw material costs. The hike includes in-line adjustments, MTD reports.
Toyo raised the price on truck tires on Jan. 1 by 6 percent, so the new increase would be the second within 30 days, the publication says.
But Toyo is not alone in increasing truck tire prices. Michelin North America plans to boost prices up to 7 percent, while Continental Tire North America expects to hike prices on its medium-duty truck tires up to 8 percent, according to MTD.
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