RMA: 1H domestic shipments were way down
Passenger, light truck and truck tire shipments were down across the board in the first half, according to the Rubber Manufacturers Association (RMA). Combined, they were down nearly 20% compared to the first half of 2008.
Through June, replacement passenger tire shipments were down 11.9% compared to the first six months of 2008. Original equipment shipments fared even worse, dropping a whopping 54.3%, from 21.5 million units in 2008 to 9.8 million units.
Replacement and original equipment light truck tire shipments were down 18.8% and 11.8%, respectively. Medium and heavy truck tire shipments were down 21.7% and 45.5%, respectively.
Domestic shipments, 1H 2009 vs. 1H 2008
* Passenger: 97.2 million units, down 19.4%.
* Light truck:: 13.7 million units, down 18.1%.
* Truck: 6.9 million units, down 26.9%.
Overall, the RMA's Tire Market Analysis Committee projects full-year tire shipments will decline approximately 13% in 2009 compared to 2008.