RMA: Tire Shipment Forecast Projects Slight Growth in 2016 - Tire Review Magazine

RMA: Tire Shipment Forecast Projects Slight Growth in 2016

u-s-tireshipments_2016The Rubber Manufacturers Association (RMA) has reported U.S. tire shipments are expected to experience slight growth in 2016, according to its mid-year tire shipment forecast.

If the forecast stays true, dealers could see an increase in medium truck tire replacement tires and light truck tires in the market, but less replacement passenger car tires.

Highlights of the tire shipment forecast include:

– Overall medium truck tire shipments expected to decrease with, a 3.3% increase in replacement truck tire shipments and a 14.9% decrease in original equipment truck tires.

– Passenger vehicle original equipment tires to see a slight increase of 0.1% while replacement passenger tires are projected to decrease 0.6%.

– Light truck tires projected to have solid growth in both original equipment and replacement tire shipments with a 10.2% increase in original equipment tires and a 5.6% increase in replacement tires.

 

 

 

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