Thursday, September 15, 2011

Even More and More Price Increases

It didn't take long for the North American tire industry to set a new price increase mark as Goodyear and Toyo combined to record the 87th through 89th individual hikes for the calendar year.

Goodyear told its dealers but not the media that it was boosting prices on all of its Goodyear, Kelly and Dunlop medium truck tires, retreaded truck tires and tread stock sold in the U.S. by up to 8% as of Sept. 1.

Goodyear Canada, meanwhile, informed only its dealers that as of July 1 it was upping prices on all of the replacement medium truck tires it sells by up to 6%.

Toyo Tire Canada Inc. said that as of Oct. 1 it was boosting prices on its medium truck radials sld in that country by up to 10%.

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