Goodyear's replacement tire shipments rose last month
Goodyear Tire & Rubber Co.'s consumer replacement tire shipments were up in May, with Goodyear brand shipment growth being "especially strong," according to officials from the Akron, Ohio-based tiremaker.
However, Goodyear's original equipment consumer tire shipments dropped last month, "consistent with the company's strategy of being selective at OE."
Goodyear reports that it fared better in original equipment commercial tires and actually gained market share in the segment.
But the company's "segment operating income declined due to unfavorable raw material, price mix and conversion costs, partially off-set by lower personnel and development costs.
"The unfavorable price mix was partially due to a shift in brand mix in commercial truck tires as well as more purchases of trailer tires."