Yokohama Tire joins camp to raise tire prices

Yokohama Tire Co., Ltd. has announced that since November 1 this year, its tire prices for passenger cars, light trucks, and SUVs have been increased by 8%, making it the 94th tire supplier to increase tyre prices in the United States and Canada.

Due to rising raw material prices and increased energy costs, tire suppliers in the North American market have raised tire prices. Bridgestone Tire's U.S. division began on November 1st, 2011, Bridgestone, Firestone and other brands of passenger car and light truck original tires and replacement tires prices raised by 8%.

Pirelli, Japan’s Toyo Tires and Falken Tire have raised their tire prices by 8% from June to July this year; Michelin’s North America Division also announced that it has sold passenger cars such as Michelin, Belcherchi and Uniroyal in the United States. The price of light truck tires will increase by 9% from October 3 this year; the price of commercial vehicle tires will increase by 8%.

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