Commercial Tire Demand and Supply

Bob Ulrich
Posted on January 23, 2018

For all of you commercial truck tire dealers and manufacturers, remember the first quarter of 2017? No? I’m guessing that is the result of selective memory. It was pretty slow, and that is an understatement.

Market demand eventually picked up, resulting in a record high of 19.2 million replacement truck tires shipped in the U.S.

That’s Modern Tire Dealer’s number. The U.S. Tire Manufacturers Association (USTMA) predicts domestic replacement truck tire shipments will finish 2017 at 19.4 million units, a 4.3% increase over its then-record 18.6 million units shipped in 2016.

The turnaround in 2017 may have started last February when the International Trade Commission voted against imposing tariffs on truck and bus tires manufactured in China and imported into the U.S. The result was an instant increase in low-cost imports from China, which, despite the high demand, directly led to a 1.4% decrease in retreaded truck tires.

Together, however, new and retreaded truck tires topped the 33 million mark domestically.

Overseas players are taking notice. The Dec. 19, 2017, announcement by Triangle Tyre Co. Ltd. to build a new consumer tire plant in Edgecombe County, N.C., will lead to two plants built in two phases. The first will produce consumer tires.

The second, to be completed by 2023, will be a truck tire plant, to be built next to the first facility.

The company’s plan for phase two is not surprising. In March of last year, Triangle Tire USA hired Rick Phillips away from Yokohama Tire Corp. to be its vice president of sales. Phillips was instrumental in the building of Yokohama’s new commercial truck tire plant in West Point, Miss.

When Hankook Tire America Corp. held the grand opening of its consumer tire plant in Clarksville, Tenn., in October, future medium truck tire production was mentioned to me as a possibility by more than one Hankook employee (although Hankook Tire Co. Ltd. CEO Seung Hwa Suh said the company is not looking beyond the first two phases, which center on consumer tire production).

USTMA also estimates domestic original equipment truck tire shipments will be up 8% this year.— Bob Ulrich

See the charts for commercial tires here.

Read the January Facts Issue here.

Related Topics: 2018 Facts Issue, commercial tire sales, commercial tires, January 2018 MTD

Bob Ulrich Editor
Comments ( 0 )
More Stories

New Tire Rack App Provides Tire Maintenance Reminders

Consumers rely on apps and cell phone notifications to help them remember birthdays and manage everything from prescription drug refills to dinner reservations. Tire Rack Inc. has created an app so users can manage their tires the same way.

Bartec says techs can keep their complex scan tool working on higher-paying service work and use the QST300 for oil changes, brake pad replacement and battery replacement.

Bartec Has Quick Service Diagnostic Tool

Bartec USA LLC says the QST300 is the first tool of its kind that combines diagnostics for oil changes, brake pad replacement and battery replacement services into a single tool.

The Geolandar X-MT will be available in July 2018 in 10 sizes.

Yokohama Adds Another MT Tire: the Geolandar X-MT

How hot are mud-terrain tires? So hot that Yokohama Tire Corp. is adding another MT tire to its lineup. The Geolandar X-MT will be the second MT tire addition to the Geolandar family in a year.  


Tire Sales Were Down at Monro in Fiscal 2018

New stores provided Monro Inc. with $96.2 million in sales during fiscal year 2018, and they helped the company record a 10% increase in sales for the period that ended March 31, 2018.  

Be the First to Know

Get the latest news and most popular articles from MTD delivered straight to your inbox. Stay on top of the tire industry and don't miss a thing!