RMA: Tire shipment volumes in the US market have fallen to a historic low
16 december 2009
Shipments in the U.S. tire market fell to historic lows during the first half of 2009, reports the Rubber Manufacturers Association (RMA).
Passenger tire shipments in the original equipment sector declined by a whopping 54.3% compared to the same period last year. For comparison, during the first half of 2008, volumes decreased by only 10.8%.
The situation on the replacement market is not much better - a decline of 11.9% was observed there, compared to the indicators of the first half of 2008. (Then, shipments decreased by 0.7% compared to the same period in 2007).
In the LT tire sector, shipments also decreased - by 11.8% and 18.8% in the original equipment sector and the replacement market, respectively. Last year, a decline of 36.6% and 7.1% was observed.
The commercial tire market is also experiencing a significant decline - 45.5% in the original equipment sector and 21.7% in the replacement market. For comparison, in 2008, the decline was 19.1% and 6.9%.
Passenger tire shipments in the original equipment sector declined by a whopping 54.3% compared to the same period last year. For comparison, during the first half of 2008, volumes decreased by only 10.8%.
The situation on the replacement market is not much better - a decline of 11.9% was observed there, compared to the indicators of the first half of 2008. (Then, shipments decreased by 0.7% compared to the same period in 2007).
In the LT tire sector, shipments also decreased - by 11.8% and 18.8% in the original equipment sector and the replacement market, respectively. Last year, a decline of 36.6% and 7.1% was observed.
The commercial tire market is also experiencing a significant decline - 45.5% in the original equipment sector and 21.7% in the replacement market. For comparison, in 2008, the decline was 19.1% and 6.9%.