ERJ staff report (TB)
Fullerton, California -- Yokohama Tire Corp. will raise prices on consumer tyres in the US by up to 8 percent, effective Nov. 1.
The change affects Yokohama's passenger, performance and light truck tyres, YTC said. There will be in-line adjustments, as well, to be announced at a later date.
Shawn Denlein, director of sales, consumer products, cited â€œthe costs of raw materials, energy and transportation remaining at very high levelsâ€ as the reasons for the increase. â€œUnfortunately, today's challenging business climate makes it necessary for us to adjust our prices.â€
Yokohama last raised prices on consumer tyres in North America on March 1, by up to 8 percent, with in-line adjustments.
From Tire Business (A Crain publication)