Automotive Performance Brands - Yokohama Tire Corporation to Adjust Prices Up to 8 Percent on Commercial Tires, Feb. 1
FULLERTON, Jan. 3, 2012: Yokohama Tire Corporation has announced it will implement a price increase of up to 8% on all of its commercial truck tires in the U.S., effective February 1. There will be in-line adjustments, as well, which 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 tires at competitive prices.”