TORRANCE, CA - The multiple price increases for replacement tires occurring year-to-date for calendar-year 2011 point to more increases on the horizon. Most tire industry experts foresee tire price hikes continuing for the balance of this calendar-year.
Hankook to Increase Commercial Tire Prices up to 8 Percent
WAYNE, NJ – Reflecting the ongoing trend of increasing tire prices, Hankook Tire America Corp. has announced that it will be raising it U.S. commercial tire prices by up to 8 percent. The amount of the increase will vary by product and size. The price changes will go into effect on Nov. 1, 2011.