Alliance Tire, Nexen to raise tire prices on Nov. 1 in America

Alliance Tire Americas Inc. and Nexen Tire America Inc. are the latest two tire manufacturers to announce price hikes.

Beginning Nov. 1, Alliance will adjust prices by up to 4 percent across all product lines for the Alliance, Galaxy and Primex brands.

These price changes are reflective of market conditions and increased transportation costs, Alliance said.

Nexen, meanwhile, will be adjusting the pricing on all passenger and light truck tires sold in the U.S. with a maximum increase of 6 percent. The price increases, which vary by tire, will take effect Nov. 1.

Nexen cited growing transportation and logistics costs along with other rising business costs as reasons for the price increase.

The decisions by Alliance and Nexen follow recently announced price increases from Bridgestone Americas Tire Operations (3.5 percent on replacement passenger and light truck tires sold in the U.S. and up to 4 percent on "select" Firestone-brand agriculture tires sold in the U.S. and Canada), Cooper Tire & Rubber Co. (up to 4 percent on all Cooper-produced passenger and light truck tire brands) and Kumho Tire USA Inc. (up to 6 percent on its passenger, light truck and medium truck tires sold in the U.S.), effective Oct. 1.

Goodyear raised prices up to 3 percent Sept. 1 on "select" consumer tire lines in the U.S., covering all Goodyear brands.