In the market for new tires? Get ready to pay more at Goodyear
Filed under: Company News, Economy, Goodyear
Goodyear (GT) is raising tire prices.Spokesman Jim Davis says Goodyear Tire & Rubber Co. will raise the price on all consumer replacement tires sold in North America by 6 percent starting Dec. 1.
Davis says higher raw material costs are behind the move. The increase is the company's first since September 2008, when it raised prices more than 10 percent.
The higher prices will be felt by the company's dealers and distributors, who buy replacement tires directly from Goodyear. Davis says it is up to them whether they pass the increase onto consumers.
Goodyear posted a higher third-quarter profit last month, though it is forecasting an operating loss in its key North America market.
Copyright 2009 The Associated Press. The information contained in the AP news report may not be published, broadcast, rewritten or otherwise distributed without the prior written authority of The Associated Press. Active hyperlinks have been inserted by AOL.
Goodyear posted a higher third-quarter profit last month, though it is forecasting an operating loss in its key North America market.
Copyright 2009 The Associated Press. The information contained in the AP news report may not be published, broadcast, rewritten or otherwise distributed without the prior written authority of The Associated Press. Active hyperlinks have been inserted by AOL.
Why is Oprah going to cable? Hint: It's nothing to get teary about
Kisses from Hershey: Candymaker may court Cadbury with $17 billion bid
D-Day for Harry Reid: Can he wrangle 60 votes for Senate health reform bill?
Reader Comments (Page 1 of 6)
11-13-2009 @ 9:43AM
Paul said...
It is Time to start the Boycotts on every company that raises its prices during these Economic times. Shop around for the Least expensive and even buy Used stuff to keep Inflation down. Remember, the predictions for Explosive inflation could come true but only if we let them. Let us Not fulfill their Prophecy
Reply
11-15-2009 @ 2:57PM
counterrevollution said...
Yes, paul, for dolts like you it's always evil businesses that are raising your cost of living . . . never your beloved governments, at all levels, raising taxes, fees, permits, etc. Even for someone of your colossal ignorance and naivete how can you possibly ignore the new california 10% income tax surcharge . . . keep believing in the marxist line and you'll enjoy true ignorance all your life.
11-15-2009 @ 5:39PM
gr8bsn said...
Have fun when your used, off brand tire has a blowout or tread separation. Tires are the single most important safety feature of your car. Nothing, not even brakes or steering comes close. Tires are the only part of the car that touches the road.
Goodyear is a business, not a charity. They create a product that people need. What was the last thing you created?
11-15-2009 @ 6:34PM
Mark said...
You will have to boycott most businesses as many are raising prices, not just Goodyear.
11-15-2009 @ 8:21PM
Tom said...
The cheapest tires come from China, and you have no idea if those used tires you got have been setting in somebody's garage for a decade. Nothing wrong with saving money until your risking your own, or worse yet somebody else's life to do it.
11-13-2009 @ 9:46AM
John said...
This is the great big "thank you" Goodyear is giving the American public for the special protection it got from Chinese imports! One more indication that the corporate princes will spit in the face of those who help them.
Reply
11-15-2009 @ 10:58PM
georgea500 said...
You are so very RIGHT. Its a shame others don't remember the BS this adm., is playing.
11-15-2009 @ 6:54PM
Merrily said...
John, I appreciate what you have said however, the shrewd shopper must look for bargains, sales and discount stores like Sam's Club and Costco to reduce their spending. I know the first thing everyone wants to do is blame President Obama, but remember, he inherited this lousy economy.
11-13-2009 @ 9:49AM
Bill Daviau said...
Of course they raised their prices. First they got the tires from China stopped by federal decree and then they raise prices..it is all very simple.
Reply
11-13-2009 @ 9:58AM
Tim Riegel said...
Probably need to spend more money on research and development for NASCAR since those tires suck too.
Reply
11-13-2009 @ 10:08AM
mary said...
Well I guess I won't buy Goodyear!
Reply
11-13-2009 @ 10:19AM
John said...
Sayonara Goodyear, guess I'll buy foreign made tires too, you guys make me sick. Our government helps protect you from foreign competition and you screw us again. TEDDY ROOSEVELT WHERE ARE YOU WHEN WE NEED YOU?!?
Reply
11-13-2009 @ 10:27AM
jason said...
Just buy used tires until things get better you can go to the little independant used auto stores and get good used tires for $20 to $30 mounted free. Thats what i do and i usually get a year or 2 out of a good used tire. Search around you will fine one not too far from where you live in any city.and most of them if it leaks will fix it free or give you another one.But usually it wont leak because they don't want it to come back they want it to last. Don't give in, buy used until prices come back down.
Reply
11-20-2009 @ 1:34PM
Richard said...
It sounds like another GoodYear for GoodYear. In other news, Maybe Toyota should change there slogin to, moving fqrward, ready or not !!. L.O.L. or not.
Reply
11-13-2009 @ 10:54AM
B said...
I've been using TOYO and Michelin tires for years, until this last time when they were just too expensive to justify. Then I discovered HANKOOK tires. I thought it was crazy to even consider anything made in South Korea... until I saw their reviews by customers, and then found out that their biggest investor is MICHELIN. I SAVED OVER 45% ON A NEW SET OF TIRES, AND I LIKE THEM MORE THAN MY TOYOS OR MICHELINS. They surprised the hell out of me, because they are quieter, handle better in wet and dry, and are rated at 60k miles. Just my personal experience, but if you're on the market for tires and want to save almost Half, I'd check out Hankook. Besides, they're also now OEM on some BMW's and others. Goodyear wants to raise prices? let them, they're not getting any of my money anyway, and my new Hankooks are better than anything they sell.
Reply
11-15-2009 @ 3:32PM
hawgwild2h said...
Exactly,,,,,as a farmer trying to make ends meet, we were forced to switch to Hankook on several utility vehicles. Never a problem and 1/2 the price. Cannot afford to buy American,,,,,,,but hey, most of my beef is processed and sent to Japan.
11-13-2009 @ 11:04AM
JEFF said...
IT AIN'T ABOUT GOODYEAR, ITS ABOUT THE DEMOCRATS DESTROYING THE DOLLAR. GOOD DOLLAR CHEAP GOODS. DON'T BLAME ANYONE BUT THE APE IN WASHINGTON...
Reply
11-15-2009 @ 7:04PM
jim said...
This is ONLY the start of life in SOCIALIST IMPOSTER Barry's eutopian CHANGED world!!! Just wait till him and his LIB DEM CRONIES pass CAP and TAX and TAX and TAX and TAX!!!! Thanks to the MORONS who put them in office!!!
11-15-2009 @ 7:02PM
Merrily said...
Jeff, this is not a forum for you racist remarks. The Democrats are trying to clean up the mess that Bozo GWB left. That's where the blame goes.
11-15-2009 @ 10:45PM
jbg99jbg said...
The racist remark doesn't help your cause.