USTMA JULY TIRE FORECAST SHOWS U.S. TIRE SHIPMENTS EXPECTED TO DECREASE IN 2020

For more information contact: Kim Kleine
(202) 682-4856
kkleine@ustires.org

WASHINGTON, Aug. 3, 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. This 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, Original Equipment (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.

 

USTMA 2020 Projected Tire Shipments (July Forecast)

 

 

 

 

 

 

2019

2020 Forecast

% Change

Units +/(-)

Original Equipment Tires

 

 

 

 

Passenger

46.3

34.9

-24.5

-11.3

Light Truck

5.9

4.6

-21.0

-1.2

Truck

6.5

4.4

-32.6

-2.1

 

       

Replacement Tires

       

Passenger

222.6

188.7

-15.2

-33.9

Light Truck

32.5

28.7

-11.8

-3.8

Truck

18.9

18.0

-5.0

-0.9

 

       

Total Shipments

332.7

279.4

-16.0

-53.3

 

 

 

 

 

Note: All shipments in millions. Figures are rounded.

     
                   

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