Nexen Tire America Inc. has sent a letter to its customers informing them of a "weighted average price increase of 5%."

The price increases will go into effect March 1.

Nexen is the fourth tire company to announce possible tire increases in 2017. For more information on all the upcoming price increases, check out these links:

"Carlstar To Raise Prices on All Brands By March 1"

"Cooper Anticipates Raising Tire Prices Close to Feb. 1."

"Goodyear Will Increase Tire Prices Effective Feb. 1."

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