USTMA NOVEMBER FORECAST: U.S. 2020 TIRE SHIPMENT OUTLOOK IMPROVES FROM JULY PROJECTION

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

WASHINGTON, December 1, 2020—The U.S. Tire Manufacturers Association (USTMA) projects U.S. tire shipments will total 298.3 million units by the end of 2020, compared to 332.7 million units in 2019. This forecast represents a significant improvement of nearly 19 million units from the 2020 volume USTMA forecasted in July, reflecting industry resilience in the face of unprecedented challenges posed by the COVID-19 pandemic.  

Compared to 2019, Original Equipment (OE) shipments for passenger, light truck and truck tires are expected to decrease by 20.4%, 18.0% and 29.0% respectively, with a total reduction of 12.4 million units. Replacement passenger and light truck tire shipments are projected to decrease by 9.5% and 1.8% respectively, with truck tire replacement shipments showing a modest decline at 2.1%. The total unit reduction for replacement tires is projected to be 22.0 million units. 

  

USTMA 2020 Projected Tire Shipments (November Forecast)

 

       
 

2019

2020 Forecast

% Change

Units +/(-)

Original Equipment Tires

 

 

 

 

Passenger

46.3

36.8

-20.4

-9.5

Light Truck

5.9

4.8

-18.0

-1.1

Truck

6.5

4.6

-29.0

-1.9

 

       

Replacement Tires

       

Passenger

222.6

201.5

-9.5

-21.0

Light Truck

32.5

32.0

-1.8

-0.6

Truck

18.9

18.5

-2.1

-0.4

 

       

Total Shipments

332.7

298.3

-10.3

-34.4

 

       

Note: All shipments in millions. Figures are rounded.

     
                   

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