Yokohama to increase US prices
Taking pole position for this year's round of price rises is Yokohama Tire Corporation, who on 3 January announced a planned increase of up to eight per cent on all its commercial truck tyres in the US. The new prices will take effect 1 February, and the company says further in-line adjustments will be announced at a later date.
“Manufacturing and logistics costs associated with commercial products, unfortunately, have continued to be at high levels,” said Rick Phillips, Yokohama director of Commercial Sales. “These, along with domestic and global economic pressures, have made initiating the price increase unavoidable. Despite the industry challenges, Yokohama will continue to use the latest technologies and environmental procedures to produce the best commercial tyres at competitive prices.”