Beginning July 1, Yokohama is implementing price
increases averaging 8 percent on all of its light
and medium commercial truck tires sold in the U.S.
There will also be in-line adjustments to be
announced later.
The rising cost of raw materials was cited as the primary reason for the increase, according to Rick Phillips, director of commercial sales. “Further, other factors also influenced the increase, such as the costs associated with manufacturing and transportation, which continue to escalate,” he says.
Phillips adds that, despite the cost increase, “Yokohama will continue to bring the best commercial tires to market at competitive prices using our operational efficiencies and latest technology.”For more information, visit www.yokohamatire.com.
