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.
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.
“Tire manufacturers continue to face unprecedented challenges as a result of COVID-19,” USTMA CEO Anne Forristall Luke said in a letter to leaders of the U.S. Senate and House of Representatives.
But the U.S. Tire Manufacturers Association expects to reschedule its 2020 National Tire Safety Week soon.
WASHINGTON—As the U.S. responds to the growing COVID-19 pandemic, the USTMA and TIA are among the organizations asking governmental leaders to designate motor vehicle maintenance, repair and service industry as an “essential service.”
Aftermarket shipments of truck and bus tires are projected to rise 2.1 percent this year over last to 19.3 million units, the USTMA said without offering any explanation for its forecast.
WASHINGTON — The U.S. Tire Manufacturers Association has accepted Nokian Tyres P.L.C. — which opened its first U.S. factory, in Dayton, Tenn., in 2019 — as its 13th member.
WASHINGTON — Scrap tire recycling continues to be one of the most important issues facing the industry, as signified by the recent call to action by the U.S. Tire Manufacturers Association (USTMA) to all affected parties to intensify the development of new sustainable, circular end-use markets for scrap tires.
The U.S. Tire Manufacturers Association (USTMA) projects 2019 U.S. tire shipments will increase to 333.1 million units compared to 330.4 million units in 2018.
The latest projection is up from the 332.9 million units for 2019 which the USTMA forecast in July.
Original equipment (OE) passenger tire shipments are expected to decrease by 2.1 million units, while passenger tire replacement shipments are projected to increase by 6.4 million units compared to 2018.
WASHINGTON — The U.S. Tire Manufacturers Association is planning to issue a “call to action” on Dec. 4 at the 2019 Scrap Tire Recycling Conference in Greenville, S.C., to develop new “sustainable, circular end-use markets” for scrap tires.