Global OTR tire library announced it is extending its online shelves

The Global OTR Library announced it is extending its online shelves and adding Wheels & Rims 18 months into its content.

The OTR Library present 48 premium, tier 2, 3, and 4 tire brands recent technical data books on its web platform. They include the traditional market leaders Bridgestone, Goodyear and Michelin but also upcoming challengers such as BKT, Luan and Magna.

Read the source article at Traction News

Michelin to Cut 2,300 Jobs in France in Shift to New Materials

Michelin plans to cut 11% of its French workforce over three years as the tire maker slashes costs and moves more aggressively into new markets in the face of Chinese competition.

Although no factories will be closed, a revamp will lead to as many as 1,200 job losses at plants and 1,100 positions in services, the manufacturer said Wednesday. The reductions will come through early retirement and voluntary redundancy and boost competitiveness 5% a year, it said.

Michelin cited “profound” structural shifts in the tire market led by a massive influx of low-cost tires as it explained the cutbacks. Making its French operations more efficient is key to compete in the future, the company said.

Read the source article at Bloomberg.com

USTMA expects 2020 tire shipment to improve from July 2020 projection

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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.

Read the source article at Traction News

Cold Hard Facts: Study Shows Winter Tires Reduce Collision Rates!

Manitoba Public Insurance analyzed collision claims over a 6-year period (insurance years 2011-12 to 2017-18). The claim frequency was measured by comparing claim frequency before and after a winter tire purchase for 111,872 vehicles. Of those vehicles, there were 13,925 winter-month claims occurring before winter tires were installed and 9,802 winter-month claims occurring after winter tires were installed, stated the report.

Based on analysis of winter month claims (November to March), winter tire use is estimated to reduce collision claim frequency by 6.3 per cent.

The analysis also concluded that in the instance of a collision, damage severity was 5.7 per cent lower for the vehicle equipped with winter tires, compared to the vehicle which did not have winter tires. The lower severity for claims with winter tires was consistent for both single and multiple vehicle collisions.

Read the source article at Manitoba Public Insurance

China July auto sales surge 16.4%, fourth month of gains – Reuters

BEIJING (Reuters) – China’s auto sales in July climbed 16.4% from a year earlier, the fourth consecutive month of gains as the world’s biggest vehicle market comes off lows hit during the country’s coronavirus lockdown. Sales rose to 2.11 million vehicles, according to data from the China Association of Automobile Manufacturers. For the year to date, sales were down 12.7% to 12.37 million vehicles.

Read the source article at reuters.com

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

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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

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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

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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