• USTMA: Replacement Passenger Tire Shipments Will Increase by 5.2 Million in 2018
      2019-01-08
      The U.S. Tire Manufacturers Association (USTMA) has drastically increased its projections for tire shipments in 2018 from earlier in the year. Most notable is the organization's expectation that replacement passenger tire shipments will increase 2.5%.
       
      The USTMA says total shipments (including both original equipment and replacement tires) will reach 325.2 million tires in 2018, up from 316.7 million in 2017. That's a 2.7% increase of 8.5 million units for the industry.
       
      Here's how the USTMA breaks down its projections:





        2017 2018 Forecast % Change Units
      Original Equipment tires        
      Passenger 45.2 46.2 2.2 1.0
      Light truck 5.4 5.2 -3.2 -0.2
      Truck 5.4 6.3 15.8 0.9
               
      Replacement tires        
      Passenger 209.7 214.9 2.5 5.2
      Light truck 31.3 31.4 0.2 0.1
      Truck 19.7 21.2 7.8 1.5
      Total Shipments 316.7 325.2 2.7 8.5


      Note: Shipments are in millions. Figures may not add up due to rounding.
       
       
      Here's a look at how the USTMA's projections have changed throughout the year. The group issued forecasts in April and August 2018.
      USTMA tire shipment projections throughout 2018


        April 2018 August 2018 December 2018
      Original Equipment tires      
      Passenger 45.7 45.9 46.2
      Light truck 5.5 5.1 5.2
      Truck 5.6 6.2 6.3
             
      Replacement tires      
      Passenger 210.6 211.2 214.9
      Light truck 31.8 31.2 31.4
      Truck 20 20.2 21.2
      Total Shipments 319.1 319.8 325.2


      Note: Shipments are in millions. Figures may not add up due to rounding.


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