More Tire Price Hikes Set - Tire Review Magazine

More Tire Price Hikes Set

Raw material-driven tire price increases continued with announcements from both Falken Tire Corp. and Nankang Rubber Tire Corp.

Falken said it will increase prices on passenger and light truck/SUV tires by up to 6% and its medium truck tire lines by up to 4%, both effective June 1.

The company said that increases by tire line will vary by product size and type and may include in-line adjustments. In addition, Falken said that “all backorders will be canceled on June 30, and be reentered according to the aforementioned June 1 schedule.”

Nankang, meanwhile, said it would boost prices on all of its consumer tires sold in North and South America by 6% to 8%, effective Apr. 20. Nankang branded tires are sold in the U.S. by Tireco.

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