Yokohama Increases Tire Prices by Up to 7%
Yokohama Tire Corp., Fullerton, Calif., is increasing the price of many of its tires by up to 7 percent – including commercial tires– effective June 1
Yokohama Tire Corp., Fullerton, Calif., is increasing the price of many of its tires by up to 7 percent – including commercial tires– effective June 1.
"We've been working hard to keep prices in check through enhanced technologies and increased production capabilities," said Jim MacMaster, Yokohama executive vice president, Business Division. "However, record escalating prices for raw materials, such as natural rubber, as well as rising transportation expenses must now be offset by our price adjustment."
Yokohama will increase the price of passenger and light truck tires up to 7 percent. A 5 percent to 7 percent increase will go into effect for medium-duty truck radial tires, light truck commercial tires, earthmover and mining tires, as well as Mohawk and private brands. There will also be in-line adjustments on select sizes and treads.
Servicing a network of more than 4,500 points of sale in the U.S., Yokohama Tire Corporation offers a complete line of tires, including high-performance, light truck, passenger car, commercial truck and bus, as well as off-the-road mining and construction applications.
For more information, visit www.yokohamatire.com.
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