Important 2022 Price Update from Coker Tire

As a courtesy to our existing and future customers, we wanted to reach out directly to inform you about an upcoming price increase on many of our products. We appreciate your continued support through unprecedented times for our industry, and we apologize for any product shortages you may have experienced recently.

Our costs have risen substantially in the past 12 months, far outpacing anything we’ve passed on to our customers. Raw material prices, freight costs, and labor rates are all on the rise. For example, the overall rubber and plastics commodities index has risen more than 20% through the year, with key materials ranging from 7% to over 50%. Steel commodities have risen anywhere from 60% to more than 250%, depending on the index. Additionally, Ocean Freight and domestic shipping is up, with more increases expected this year. These factors directly impact our manufacturing process and increase our production costs, well beyond a threshold that we can absorb.

Due to the circumstances listed above, our product lines will see between 5% and 25% increases. These prices will be effective February 21, 2022. Any outstanding orders not shipped on or before March 25, 2022 will be adjusted to reflect the new prices. If you have a backorder that is not fulfilled by March 25, 2022, a sales representative will reach out to you with an updated order total.

As always, we are committed to providing you with the best service in the industry and keeping our prices as competitive as possible. We appreciate your business and look forward to serving you in the future.

Sincerely,

The Coker Tire Team