In 2008, North American tire manufacturers had the capacity to produce 352.7 million tires annually. Five years later, that number was down to 306.3 million tires annually, a 13.1% drop.
High-value-added passenger tires is the buzz phrase in the tire industry right now. Also known as HVA tires, they are defined by some companies as tires 17 inches and above in size, by others 18 inches and above. Either way, they are trending upward.
Every year, Modern Tire Dealer breaks down "the year that was" in its January Facts Issue. It is the first publication with an in-depth report on the previous year's performance.
The January 2017 Facts Issue features a record 42 charts and graphs. That includes an expanded "Pricing and Sizes" section.