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USTMA Revises Forecast for 2019 U.S. Tire Shipments Upward

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USTMA Revises Forecast for 2019 U.S. Tire Shipments Upward

The U.S. Tire Manufacturers Association (USTMA) projects 2019 U.S. tire shipments will increase to 333.1 million units compared to 330.4 million units in 2018.

The latest projection is up from the 332.9 million units for 2019 which the USTMA forecast in July.

Original equipment (OE) passenger tire shipments are expected to decrease by 2.1 million units, while passenger tire replacement shipments are projected to increase by 6.4 million units compared to 2018.

OE and replacement for light truck tires as well as OE truck tire shipments are expected to increase, while a decrease is projected for replacement truck tire shipments.

USTMA 2019 Projected Tire Shipments (November Forecast)

  2018 2019 Forecast % Change  Units +/(-)
Original Equipment        
Passenger 47.1 45.0 (-4.5) (-2.1)
Light Truck 5.6 5.9 4.8 0.3
Truck 6.5 6.6 2.7 0.2
Passenger 217.8 224.2 2.9 6.4
Light Truck 31.7 32.2 1.6 0.5
Truck 21.8 19.2 (-11.7) (-2.6)
Total Shipments 333.04 333.1 0.8 2.7

Note: All shipments in millions. Figures are rounded.

In 2018, USTMA says its members (including affiliate members) accounted for 79% of the 330 million passenger, light truck and truck tires.

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