More Price Increases Coming - Tire Review Magazine

More Price Increases Coming

Two more tiremakers have jumped on the price increase bandwagon.

Kumho Tire USA and Pirelli Tire North America joined a fast-growing list of tiremakers adjusting pricing going into the new year.

Kumho said it would raise prices on all of its passenger, light truck/SUV and commercial truck tires by up to 8% as of Jan. 1, 2010.

Pirelli, meanwhile, is taking increases up to 4.5% on all of its passenger and light truck/SUV lines – excluding the P4/P5 lines – as of Jan. 1.

In the past few days, Goodyear, Yokohama, Bridgestone Americas, Continental Tire North America and Nexen Tire America all announced increases.

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