The numbers are in: Canadians really like our SUVs and trucks

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Canada has a population of just over 36 million people; by the close of this year, current annual sales of new cars will be about 2 million. Estimates put used car sales at about three million for the same time period.

We buy a lot of cars.

Light trucks, actually. For all the jabber after the last economic crash a decade ago, the one that took the leasing industry with it, we’ve left behind the promise of subcompact vehicles, become bored with sedans and continue to shun the hybrid and electrics that dominate headlines but little else.

“Sixty-eight to sixty-nine per cent of the market this year is light trucks,” says Dennis DesRosiers, of DesRosiers Automotive Consultants. “In fact, for four of the past 12 months, it’s been over 70 per cent, and this will stay positive for another year, at least.” 

Read the source article at driving.ca

Yokohama Rubber Reports Gains in Sales and Earnings in First Three Quarters of 2017

Company achieves increase of 39.7% in operating income while posting highest-ever net sales for first three quarters

Tokyo – The Yokohama Rubber Co., Ltd., announced today its business and financial results for the first three quarters of 2017 (January to September). Profit attributable to owners of parent increased 96.4% over the same period of the previous year, to 16.7 billion yen, on a 39.7% increase in operating income, to 26.4 billion yen, and a 13.8% increase in net sales, to 466.8 billion yen. The figure for net sales was Yokohama’s highest ever for the first three quarters. 

The strong fiscal performance reflected robust results in Yokohama’s Tires segment. Operating income in that segment rose 14.8%, to 19.0 billion yen, on a 7.3% increase in sales, to 333.1 billion yen. Yokohama achieved the gain in operating profitability despite the adverse effect of upward movement in prices for raw materials. 

In the original equipment market for tires, Yokohama’s sales increased solidly overseas, led by

Read the source article at 企業サイトトップ

Hankook Welcomes New Director of Sales and Marketing Director in Canada

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Hankook Tire has announced John Overing will be the company’s new director of sales and marketing in Canada. Overing will oversee the region’s sales team and will be instrumental in identifying opportunities for growth within the Canadian market.

Overing joins the company with more than 18 years of experience in the tire industry, bringing with him a wealth of knowledge and industry expertise.

Read the source article at Tire Review

Winter tires now the fastest growing tire category in Canada

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Winter tire use is gradually rising, but driver education about safety benefits remains essential to wintertime accident prevention. Four-in-ten drivers outside Quebec still do not own winter tires.

Cambridge, November 14, 2017 – Winter tire shipments across Canada have grown at an annualized rate of four per cent over the past five years making winters the fastest growing tire category, according to the Tire and Rubber Association of Canada (TRAC).

The growth of this category is due to efforts by tire makers, retailers and the government to educate drivers about the superior traction and shorter stopping distances provided by winter tires. Government incentives to make winter tires more affordable have also had a positive impact.

TRAC’s 2017 Canadian Consumer Winter Tire Study, conducted by Leger, found that 66 per cent of Canadian motorists ride on winter tires. But outside Quebec, where winter tires are the law, the percentage drops to 60 per cent. For the approximately 40 per cent of motorists found by the survey not to be using winter tires, the top reasons were the belief that all-season tires provide sufficient traction (51 per cent), reduced driving in winter (22 per cent) and cost (21 per cent).

Regionally, the 2017 study found:

  • 60 per cent of British Columbia drivers ride on winter tires
  • Alberta’s usage rate is 57 per cent
  • In Manitoba and Saskatchewan usage stands at 48 per cent
  • 59 per cent of Ontario drivers use winters
  • In Atlantic Canada, where winter tire usage is surpassed only by Quebec, the usage rate is 83 per cent

To support consumer education, TRAC has just released a new report detailing winter tire use in Canada and the latest market and test data. Read the full 2017 Winter Tire Report here: http://bit.ly/Winter-Tire-Report-2017orwww.tracanada.ca.

“Despite increasing winter tire usage, educating drivers about the safety benefits of winter tires remains critical to making our roads safer in winter”, says Glenn Maidment, president of TRAC. “The fact that four-in-ten motorists outside Quebec are not using winter tires puts at risk everyone who drives in cold-weather conditions – regardless of whether the road surface is dry, snow-covered or icy. Every motorist needs to understand winter tires radically outperform all-seasons in all cold-weather driving conditions.”

The superior traction and braking capabilities of winter tires are the result of advanced tire technology, particularly in tread design and rubber compounds. These advances have improved traction performance across all tire categories, but especially for winter tires. The “soft” tread compounds in today’s winter tires retain their flexibility even in extreme cold. At temperatures at or below 7 degrees Celsius, winter tires provide significantly better traction than all other types providing greater control on all cold-weather road surfaces and significantly shorter stopping distances.

 

“Research by the Quebec government shows that, since the winter tire law was enacted, the province saw a significant decrease in injury accidents in the province,” says Maidment. “Imagine the massive reduction in vehicle damage and personal suffering during the winter driving season across Canada if all drivers protected themselves and their families with winter tires.”

Survey Methodology

A survey of 1,633 Canadians was completed online during the period of October 9–12, 2017, utilizing Leger’s* online panel, LegerWeb. A probability sample of the same size would yield a margin of error of +/-2.5%, 19 times out of 20.

 

About the Tire and Rubber Association of Canada

The Tire and Rubber Association of Canada (TRAC) is the national trade association representing tire makers, rubber products manufacturers and importers as well as rubber recyclers and suppliers of goods and services related to the industry. TRAC is committed to educating drivers about proper tire care and maintenance. A key advocacy goal in the cold-weather months is to raise awareness about safe winter driving and the safety and performance benefits of winter tires.

 

Media Contact:

 

TRAC Contact:

Email: info@tracanada.ca

Phone: 519.249.0366

www.tracanada.ca; www.betiresmart.ca

Twitter: @BeTireSmartCA

Facebook: betiresmartCA

 

Michelle Magee

Associate, Xposure PR

Email: michelle@xposurepr.com

Phone: (416)471-2336

Read the source article at CNW | www.newswire.ca

Sumitomo rolls out ‘Smart Tyre’ innovation roadmap

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TOKYO — Sumitomo Rubber Industries Ltd. has set out a series of targets for its development of innovative tire products to meet increasing requirements around safety, sustainability and connected mobility.

Read the source article at Tire Business

ERJ Top 10 Technology Stories

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ERJ focus on significant developments and advances in rubber materials, processing and application technologies:

Mesnac advances “most intelligent” TBM

TIRE MANUFACTURE – Mesnac has recently introduced what it said was “the most intelligent tire building machine (TBM) designed independently in China”. The PS2A PCR machine, features ‘synchronous turn-up’ and intelligent control technologies, and achieves cycle times of less than 40s…

Yokohama taps ‘informatics’ to accelerate rubber research

Read the source article at European Rubber Journal

Titan Helps Raise $92,580 for FFA

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Titan International Inc. has announced that a total of $92,580 has been raised for regional FFA chapters over the course of 2017 through special event tire auctions. For more than 20 years, Titan has held tire auctions at a variety of farm shows benefiting state FFA chapters. These auctions provide the public with a great opportunity to purchase Titan and Goodyear Farm Tires with 100 percent of proceeds going to support their state FFA organization.

Read the source article at Tire Review

Unique Fabricating, Inc. Reports Third Quarter 2017 Financial Results

AUBURN HILLS, Mich.Nov. 9, 2017 /PRNewswire/ — Unique Fabricating, Inc. (“Unique” or the “Company”)(NYSE MKT: UFAB), which engineers and manufactures multi-material foam, rubber, and plastic components utilized in noise, vibration and harshness management and air/water sealing applications for the automotive and industrial appliance market, today announced its financial results for the third quarter ended October 1, 2017.

 

Third Quarter 2017 Financial Highlights

  • Revenue of $41.2 million in the third quarter 2017, down 7.9% compared to $44.8 million in the third quarter 2016
  • Net income of $0.7 million, or $0.07 per basic and diluted share…

Read the source article at PR Newswire

Cooper Tire & Rubber Company Reports Third Quarter 2017 Results; Management Updates Guidance

FINDLAY, Ohio- Cooper Tire & Rubber Company (NYSE:CTB) today reported third quarter 2017 net income of $62 million, or diluted earnings per share of $1.18, compared with $49 million, or $0.90 per share, last year. The quarter included a $39 million benefit from lower product liability costs. For comparison purposes, the third quarter of 2016 included a non-cash pension settlement charge of $11.5 million related to the lump-sum distribution of benefits offered to certain former employees.

Read the source article at businesswire.com

Premium tires, mining lift sales at Michelin

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CLERMONT-FERRAND, France–Group Michelin registered a 5-percent rise in revenue for the quarter ended Sept. 30 to $5.88 billion on the combined effect of rising OE demand, a sustained rebound in demand for mining tires and a “highly favorable” price mix.

Read the source article at Rubber and Plastics News