Yokohama Tire Corp. has announced it will increase the prices of all its commercial truck tires sold in the U.S. by up to 8%, effective Feb. 1. There will be in-line adjustments as well, which the tire maker said it will announce at a later date.
“Manufacturing and logistics costs associated with commercial products, unfortunately, have continued to be at high levels,” said Rick Phillips, director of Commercial Sales. “These, along with domestic and global economic pressures, have made initiating the price increase unavoidable.
“Despite the industry challenges,” he added, “Yokohama will continue to use the latest technologies and environmental procedures to produce the best commercial tires at competitive prices.”
Yokohama Tire Corp. is the North American manufacturing and marketing arm of The Yokohama Rubber Co., Ltd., based in Tokyo, which is a global tire manufacturing and sales company.