Goodyear Set to Raise Prices

(Akron/Tire Review) Goodyear Tire & Rubber Co. has informed its North American dealers that it will be increasing tyre prices between 5 and 8 per cent across the board as of 1 September. The increase impacts its Goodyear, Kelly Springfield and Dunlop brands, as well as all associate and private brands.

Goodyear said consumer tyre prices will jump between 5 and 8 per cent, commercial tyre prices will increase up to 5 per cent, and OTR tyre prices will go up between 5 and 8 per cent. Rising raw material and “transportation” costs were cited as the reason for this round of increases.