Nexen Tire to Increase Prices by Nov. 1

Nexen Tire to Increase Prices by Nov. 1

Nexen Tire America, Inc. will adjust the price on its passenger and light truck tires sold in the U.S. by up to 6% starting Nov. 1.

Nexen Tire America, Inc. has announced it will be adjusting the pricing on all U.S. passenger and light truck tires sold in the U.S. starting Nov. 1.

The maximum increase will be 6% but will vary by SKU, the South Korean tiremaker said. Like other tire manufacturers, Nexen cited growing transportation and logistics costs as well as other rising business costs as the reason for the price increase.

Nexen is one of many tiremakers to increase its prices in the fourth quarter this year. Below, find a timeline of tire price increase announcements from manufacturers and how much they have hiked their prices this year.

  • Sept. 24: Nexen Tire America to increase its prices by up to 6% by Nov. 1.
  • Sept. 21: Alliance Tire Americas announces price increases up to 4% by Nov. 1.
  • Sept. 12: Kumho Tire to increase prices by up to 6% by Oct. 1.
  • Sept. 10: Bridgestone to raise prices on passenger and light truck tires by up to 3.5% by Oct. 1.
  • Sept. 5: Cooper Tire & Rubber Company to hike prices by up to 4% across all of its brands by Oct. 1.
  • Aug. 29: Firestone Ag will increase prices up to 4% for select agricultural tires sold in the U.S. and Canada by Oct. 1.
  • Aug. 20: Goodyear Tire & Rubber Co. announced it will raise prices on select consumer tire lines by up to 3%, effective Sept. 1.
  • April 16: Alliance Tire Americas announced it will hike prices by up to 6% by May 1.
  • April 3: Falken Tires announced a price increase between 3-7% on certain products by May 1.
  • March 28: The Carlstar Group announced it would increase prices up to 18% on all steel and aluminum wheels and steel components effective April 9.
  • March 19: Camso announced it would raise prices 1-6% on its aftermarket products including tires due to the rising cost of raw materials.

Many manufacturers have cited the increased cost of raw materials – such as carbon black and butadiene – as a reason for raising their prices.

You May Also Like

The commercial tire market is cautiously recovering from 2023 challenges

To better understand commercial tire expectations for the remainder of the year, Tire Review recently sat down with Pierluigi Cumo, VP of B2B products at Michelin North America.

Michelin-Commercial-Truck-Tires-1400

Despite a tough commercial tire market in 2023 due to overstock and and the effects of a rubber-banding supply chain, some tire manufacturers are expressing a cautious optimism for stabilization and gradual recovery through the rest of 2024 and into 2025. North American fleets are focusing their efforts on operational efficiency and profitability amidst lower shipping rates.

Apollo Tyres adds five sizes to its Terra Pro construction range

All Terra Pro tires feature a steel belt and a tie bar, making the tires stable during loading and lifting, the company says.

Apollo-industrial-tires
Hercules launches the Terra Trac Cross-V AW, Roadtour Connect AS tires in Canada

Both the Terra Trac Cross-V AW and Roadtour Connect AS are backed by the Hercules Performance Promise warranty.

Hercules-combo1400
Ag tires and the duality of deflection

Farmers are stuck between rising input costs and declining crop prices. Therein lies the opportunity for ag tire dealers across the country.

BKT_AGRIMAXFACTOR_Field
Hercules Tire introduces the Ag-Trac F-2 agricultural tire

This robust tire designed for multiple farm surfaces is offered in two 16-in. sizes for 2WD front tractor wheel positions.

Hercules-AG-Trac-F-2

Other Posts

SRNA introduces new field engineer manager

Chariarse has extensive experience in his field, working as a commercial truck field engineer in the tire industry for the past 21 years.

SRNA-Eduardo-Chariarse
Bridgestone to debut Bandag Virtual World Tour at WasteExpo 2024

The Bandag Virtual Plant Tour is an internet browser-based experience that provides a step-by-step walkthrough of Bandag’s retreading process.

Bandag-virtual-tour-Bridgestone
Giti Tire Manufacturing awarded by Chester County Chamber of Commerce

Giti Tire said it has been a supporter of education, organized farmer’s markets and participated in community food drives.

Giti-Chamber-Award
Atturo Tire secures Cubs Radio sponsorship for 2024 season

In addition to the in-game sponsorship of stolen bases, Atturo will run audio commercials during game day broadcasts throughout the season.

Cubs-Atturo-sponsorship