Falken tyre prices going up in North America
Sumitomo Rubber North America is set to increase prices the price of Falken and Ohtsu branded passenger, light truck and medium truck tyres in the US and Canada on as well as implementing inline adjustments on a per size basis.
The medium truck tyre increase will go up 6 per cent and takes effect 1 December 2020. The passenger and light truck tyre increase of up to 8 per cent becomes effective 1 January 2021.
According to the company, several factors have driven the need for the price increase, including increased costs in both transportation and labour in addition to other market factors.