News from Notch Consulting, Inc.

January 13, 2014

US light vehicle sales expected to top 16M in 2014 for the first time since 2007

Filed under: Auto — Notch @ 6:00 am

Tire Business reports that multiple forecasting agencies covering the automotive industry expect US light vehicle sales to exceed 16 million units in 2014 for the first time since 2007, bringing to a close an extended period of very difficult restructuring in the US auto industry following the recession. Further, the US auto industry is in stronger shape now than in the pre-recession days, when the industry regularly over-produced and was forced to sell of excess inventory at cut-rate prices. In addition, a significant decline in the number of auto dealerships in the US means that each dealership should be selling more cars.

According to Tire Business, current forecasts for US light vehicle sales in 2014 include the following:

  • IHS Automotive: 16.03 million – expects sales to remain about 16M/year through at least 2019
  • LMC Automotive: 16.2 million
  • Kelley Blue Book: 16.3 million
  • Edmunds: 16.4 million
  • Toprack Consulting: 16.5 million
  • Ford Motor: 16 to 17 million, including about 300K medium- and heavy-duty trucks

 

US ITC retains antidumping duties on Chinese OTR tires

Filed under: Tires — Notch @ 12:01 am

As reported in Rubber News, last week the US International Trade Commission decided to retain antidumping and countervailing duties against Chinese off-the-road tires that have been in place since 2008. Meanwhile, the same Chinese companies affected by the duties continue to press forward with a claim that the 2012 law allowing countervailing duties to be levied against Chinese goods is unconstitutional.

In 2008, the ITC, responding to a case brought by Titan Tire Corp. and the United Steelworkers union, ruled, first, that Chinese importers were selling OTR tires at below fair market value and, second, that these imports were causing material injury to the US. In response, the ITC instituted both antidumping and countervailing duties. The ITC is required to review the duties annually to determine if revoking them would cause the recurrence of material injury to US industries.

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