News from Notch Consulting, Inc.

April 28, 2020

Amid COVID-19 outbreak, USTMA adjusts 2020 tire shipment forecast

Filed under: Coronavirus/COVID-19, Tires — Notch @ 10:37 am

The U.S. Tire Manufacturers Association (USTMA) has revised its February 2020 U.S. tire shipment projections in response to the economic impact of COVID-19 outbreak, projecting 2020 shipments will decrease to 273.6 million units, compared to 332.7 million units in 2019.

Compared to 2019, original equipment and replacement shipments are projected to decrease by 24.3% and 17.2%, respectively.  Original equipment and replacement shipments for light truck and truck tire are also expected to decrease.

Leave a Comment »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Powered by WordPress.com.

%d bloggers like this: