Slight Downward Revision Given Sluggish Economy
For more information contact:
Original equipment (OE) tire shipments for both the light vehicle and commercial truck markets will be up nearly 16 percent for 2012 as continued pent up demand for both for light vehicles and commercial trucks will add to domestic new vehicle sales and production.
Growth in replacement tire shipments is expected to drop by approximately 2 percent, or nearly 4 million units, to 236 million total units in 2012. Overall the decline is moderated by the mild growth still projected in Gross Domestic Product and the Industrial Production Index for both the consumer and commercial sectors.
RMA’s Tire Market Analysis Committee forecast for key categories and their respective segments for 2012 include:
# # # #
The Rubber Manufacturers Association is the national trade association for tire manufacturers that make tires in the U.S.
RMA’s Tire Market Analysis Committee is comprised of tire market professionals representing the major U.S. tire manufacturers, which account for more than 90 percent of all U.S. tire shipments. Their analyses and forecasts of current and future industry activity include a review of RMA tire industry and economic data, government trade figures, and vehicle sales and production. TMAC develops its consensus view for tire demand from this process. The views expressed in this release are not the sole opinion of any one committee member, member company, or RMA representative.