MONROVIA, Cal. — Double Coin is the latest tire manufacturer to announce a price increase due to rising raw material costs and other challenges.
The company said its tires, as well as associated brand tires, will increase in price by up to 5% effective Sept. 1.
“As energy prices continue to soar, raw material and transportation costs have steadily increased to create pricing pressures on tire manufacturers and marketers,” the company said in a release. “Coupling these increases with currency valuations has made it difficult for CMA, LLC (Double Coin) to hold pricing at current levels.”
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