Toyo Tire raises US prices

Toyo Tire USA Corp will increase tyre prices across its passenger, light truck, commercial truck and off-road ranges on 1 March by an average of 8 per cent, a company statement said today. “This price increase is due to the continued rise in raw material costs,” said John Hagan, senior director of sales operations.

“As always, Toyo Tires makes every effort to minimize these increases while still delivering a premium product. We appreciate the continued support and understanding of our loyal dealers and consumers.”