Yokohama Tire Corp. (YTC) will increase prices on its consumer and commercial truck tires sold in the United States by up to 10% on May 1.
According to YTC Chief Operating Officer Stan Chandgie, the increase is in response to the “unparalleled rise in costs associated with materials and finished goods.”
Both Goodyear Tire & Rubber Co. and Sumitomo Rubber North America Inc. also will hike tire prices on May 1.
