Kumho Tire U.S.A. Inc. will raise prices on all passenger, light truck, and medium truck tires effective March 1.
Kumho stated that the details of this increase will be provided to its customers in the near future. Kumho last raised its consumer and truck tire prices, up to 6.5 percent, on Nov. 1, 2010. Kumho is the latest tire manufacturer to announce an upcoming price increase.
"The unprecedented increase in raw material costs over the past few months have made it absolutely essential for Kumho to implement this increase," the company stated.
Modern Tire Dealer magazine also listed a number of other tire manufacturers that have announced price increases, including when these price hikes will go, or have gone, into effect.
For a full list of the changes, click here.
Photo courtesy of Adam Pniak and re-used under the Creative Commons license.