Yokohama to push up tire prices
An up to 7% price hike results from higher raw material and freight costs, company says.
Yokohama Tire Corp. plans to increase prices on all of its tires sold in the U.S., including all consumer, commercial, and off-road units, by up to 7% starting April 1 – a move necessitated by a number of cost factors, noted Rick Phillips, Yokohama’s vice president of sales.
“This pricing action is necessitated by the high cost of raw materials and freight expenses that have impacted us in 2016 and will continue to be a factor in the business,” Phillips explained in a statement.
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Source:: http://fleetowner.com/equipment/yokohama-push-tire-prices
