Dealer comments and survey results reflect increasingconcerns over the economy and its impact on customers and future business. Tireand service sales at our panel of more than 100 independent tire dealersnationwide dropped significantly in February, and rebounded slightly in March ÂÂ€Â“but they remain below 2007 results.
The Tire Review Dealer Panel reports that retail passengertire unit sales appeared to rebound in April vs. the same month last year.Final March 2008 results for tire unit sales show a bottoming out in retaildemand vs. March 2007. Preliminary results for April show a 1% decrease inconsumer purchases compared to April 2007. In individual tire segments,broadline unit sales are running 1% behind 2007, while light truck/SUV salesare flat. HP tires, on the other hand, fell dramatically, dropping 2.5%compared to April 2007.