USTMA 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.

Read the source article at Tire Review

Michelin VP of Sales: Signs of Recovery Taking Shape

curata__fUMlux3289RjsfJ.jpeg

On this episode of What’s Treading with Tire Review, we talk with Andrew Meurer, Michelin North America‘s vice president of sales, to get an update on how the company has handled the pandemic, the signs of recovery it’s seeing and what it has in store for the rest of 2020.

Read the source article at Tire Review

Podcast: An Update from Bkt & the OTR Industry Amid COVID-19

curata__xLtopNPvAdMHpTN.jpeg

On today’s podcast, we talk with Doug Kershaw, vice president of BKT USA, to check in not only on BKT’s business but also get a status report on different segments of the OTR industry.

Read the source article at Tire Review

Total U.S. Aftermarket Forecast to Decline 8.8% But Expected to Rebound in 2021

RESEARCH TRIANGLE PARK, N.C. and Bethesda, Md. – June 5, 2020 – Total U.S. automotive aftermarket sales are forecast to decrease 8.8 percent in 2020 as a result of the impact of the COVID-19 pandemic and related factors, according to the “2020 Joint Channel Forecast Model” produced jointly by the Auto Care Association and the Automotive Aftermarket Suppliers Association (AASA). The 2020 Joint Channel Forecast Model also predicts that total light duty aftermarket sales will grow from $281 billion in 2020 to $314 billion in 2021.

Read the source article at autocare.org

USTMA Gives Adjusted 2020 Tire Shipment Forecast

curata__jGmCZPwDqZSTlqD.jpeg

In response to the widespread economic crisis caused by the COVID-19 pandemic, the U.S. Tire Manufacturers Association (USTMA) has revised its February 2020 U.S. tire shipment projections to better reflect the impact of the pandemic on the tire manufacturing sector. This update is being shared in advance of the triannual forecast customarily conducted in July.

Read the source article at Tire Review

U.S. tire shipments to fall nearly 18% in 2020 — Ustma

curata__h0JztWMlUxoK6mq.png

WASHINGTON — U.S. tire shipments could fall to their lowest levels in decades, a result of COVID-19 pandemic-induced lower demand, according to a shipments update from the U.S. Tire Manufacturers Association.

Read the source article at Tire Business

Rubber Industry Pulse Survey

curata__nBya00flb4UEShO.png

To better understand the overall impact and future state of the rubber industry, ARPM is conducting a weekly Rubber Industry Pulse Survey. This 8-question survey takes less than one minute for leaders to complete, but gives insights into how the rubber industry is faring so far – and what executives are anticipating for the future. 

Read the source article at arpminc.com

China’s tire exports record two-digit dips in first quarter

curata__peUEAEE8KFzcV8D.jpeg

Beijing – China’s tire exports fell 11.3% year on year in the first quarter of 2020 to 102 million units, according to latest figures by General Administration of Customs.

Export value – presented in US dollars –  for the quarter stood at $3 billion (€2.8 billion), representing a 13.2% drop year-on-year, the Chinese agency noted. Weight of such exports fell by 6.9% to 1.3 million tonnes.

Read the source article at European Rubber Journal

European rubber industry groups form Covid ‘crisis unit’

London – Rubber industry associations in a number of EU states have set up a Covid-19 ‘crisis unit’ under the aegis of the European Tyre & Rubber Manufacturers’ Association (ETRMA).

The initiative, which involves SNCP (France), WDK (Germany), Consorcio del Caucho (Spain), Assogomma (Italy) and other industrial federations, is focused on information-sharing and interfacing with the European Commission.

Read the source article at European Rubber Journal

Rubber, tire industries deals with uncertainty from coronavirus

Like everyone else, tire and rubber companies and their employees face uncertainty as the world seeks effective responses to the coronavirus.

It’s now been months since the health crisis emerged from Wuhan, China, first gripping a large swath of that country before moving overseas and creating what the U.S. Centers for Disease Control and Prevention said is the likelihood of a pandemic. The risk is still low in the U.S., despite reports of cases in several states and deaths now occurring on domestic soil.

Read the source article at Rubber and Plastics News