U.S. TIRE SHIPMENTS EXPECTED TO INCREASE IN 2018
WASHINGTON, DC, April 6, 2018 – U.S. Tire Manufacturers Association (USTMA) is projecting that 2018 U.S. tire shipments will increase to 319.1 million units compared to 316.7 million in 2017. USTMA is the national trade association for tire manufacturers in the U.S.
USTMA expects original equipment (OE) passenger tire shipments to increase by 0.4 million units compared to 2017 while passenger replacement tire shipments are projected to increase by 0.9 million units. OE and replacement shipments, for light truck and truck tire respectively, are all expected to increase in 2018.
|
USTMA 2018 Projected Tire Shipments (in millions of tires)* |
||||
|
2017 - Final |
2018 Forecast |
% Change |
Units +/(-) |
|
|
Original Equipment Tires |
||||
|
Passenger |
45.2 |
45.7 |
1.0 |
0.4 |
|
Light Truck |
5.4 |
5.5 |
1.4 |
0.1 |
|
Truck |
5.4 |
5.6 |
3.7 |
0.2 |
|
Replacement Tires |
||||
|
Passenger |
209.7 |
210.6 |
0.4 |
0.9 |
|
Light Truck |
31.3 |
31.8 |
1.5 |
0.5 |
|
Truck |
19.7 |
20.0 |
1.7 |
0.3 |
|
Total Shipments |
316.7 |
319.1 |
0.8 |
2.4 |
Note: This forecast was made prior to recent U.S. tariff announcements affecting sources of imported steel in tires.
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The U.S. Tire Manufacturers Association is the national trade association for tire manufacturers that produce tires in the U.S. USTMA members employ nearly 100,000 workers, operate 56 tire-related manufacturing facilities in 18 states and generate over $27 billion in annual sales. In 2017, USTMA members accounted for 82% of the 316 million passenger, light truck and truck tire shipments in the U.S. All USTMA press releases are available at www.ustires.org.
