AKRON, OHIO — Goodyear Tire & Rubber Co. will raise prices on all of its consumer tires up to 4% and its OTR (off the road) tires up to 5% on April 1, according to Modern Tire Dealer magazine.
Price hikes will cover all brands, according to a Goodyear spokesperson. Goodyear has already sent a letter to its dealers alerting them to the increases.
The price increases were necessary due to increased costs in raw materials and transportation, according to the company.
Source: Modern Tire Dealer Magazine