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Huh? 2007 Tire Shipments to be Up

With the year almost at an end, the Rubber Manufacturers Association now predicts that overall tire shipments in the U.S. will be up “slightly” in 2007 vs. 2006.

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RMA says total tire shipments will increase 2.7% vs. 2006, a year that saw the market drop anywhere from 3% to 7%, depending on the source. The increase, says RMA, will come despite a heavy decline in OE tire shipments and “are a reflection of revised U.S. economic growth forecasts for both the consumer and commercial sectors.”

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Specifically, RMA sees the replacement passenger segment growing 3.3% to 203 million tires; the replacement LT-metric segment growing by 600,000 units to 34.2 million tires; and the medium truck segment dropping 2.7% to 16.4 million units.

On the OE side, P-metric shipments will drop 4.5% to 46 million tires; LT-metric will fall 12% to 4.4 million tires; and OE medium truck will drop 31% to 4.7 million tires.

RMA has not yet issued its final 2006 tire shipment data. (Tire Review/Akron)

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