USTMA: U.S. Tire Shipment Forecast Ticks Up for 2020

As the U.S. economic downturn continues during the COVID-19 pandemic, the U.S. Tire Manufacturers Association (USTMA) projects 2020 U.S. tire shipments will decrease to 279.4 million units in 2020 compared to 332.7 million units in 2019. USTMA said its new forecast represents a small improvement of 5.8 million units from USTMA’s April 2020 forecast adjustment, which was the first preliminary estimate after the declaration of the COVID-19 pandemic.

Compared to 2019, OE shipments for passenger, light truck and truck tires are expected to decrease by 24.5%, 21.0% and 32.6% respectively, with a total reduction of 14.7 million units. Replacement passenger and light truck tire shipments are projected to decrease by 15.2% and 11.8% respectively, with truck tire replacement shipments showing the smallest decline at 5.0%. The total unit reduction for replacement tires is projected to be 38.7 million units.

Discount Tire & Service Centers has a new sponsorship deal with the Los Angeles Angels for the 2024 season. Discount Tire said this partnership will not only benefit its customers with season-long promotions and giveaways but will also support local non-profits.

"We're thrilled to launch this strategic partnership with the Los Angeles Angels," said Sergio Andonian, president, Discount Tire & Service Centers. "As neighbors, from Anaheim, we are dedicated to serving our local communities and providing quality tire & automotive service at the most competitive prices. Together, we look forward to making a positive and lasting impact in the communities. Add baseball to the mix, and with this winning combination, the possibilities are endless."