Nexen will raise prices in November
Nexen Tire America Inc. will raise prices on its 16-, 17- and 18-inch passenger tires 5% to 7% on Nov. 1.
However, the company says it will lower prices on some of its ultra-high performance and light truck tires 3% to 7%, also on Nov. 1.
"Every manufacturer is searching for answers to the current situation that is affecting our economy," says John Aben, vice president of sales and marketing for Nexen.
"There is a major shift taking place in markets worldwide. We will continue to listen carefully to our customers and monitor overall market conditions throughout the United States and Canada."