Bridgestone Corp. is accepting unpredictability and bracing for the possibility of a second wave of the coronavirus in Japan and abroad. In establishing its first financial forecast of the year, the tiremaker says it is assuming a drop in demand in the fourth quarter of 2020.
The Tire Industry Association is moving its centennial celebration events to 2021.
The Automotive Aftermarket Parts Expo (AAPEX) has canceled its in-person tradeshow for 2020 due to COVID-19, and instead will offer a virtual experience for attendees.
The Specialty Equipment Market Association (SEMA) has canceled the 2020 SEMA Show due to COVID-19.
The Latin American & Caribbean Tyre Expo and the Latin Auto Parts Expo have been postponed until July 13-16, 2021, due to COVID-19.
Tire demand around the world was “severely depressed” during the first six months of 2020 - that’s how the Michelin Group put it. And as the industry tries to turn things around in the second half of the year, I thought it would be good to review Michelin’s current take on things.
The latest tire shipment forecast from the U.S. Tire Manufacturers Association (USTMA) predicts about 53.3 million fewer tires will be shipped in 2020 than last year due to the economic downturn forced by COVID-19.
Cooper Tire & Rubber Co. experienced a net loss of $6 million during the second quarter of 2020 versus net income of $9 million during the same period last year. During 2Q 2020, Cooper’s net sales fell 26.9% to $496 million.
Sales at Monro Inc. for the first quarter of fiscal year 2021 reflect the effects of COVID-19, with sales in April, May and June dropping 22.1% compared to the previous year. Tires, which account for more than half of the company’s sales, were easily the best performing category, and they were down 14%.
31 Inc./XtraSeal has launched new tire repair training videos, which are available on the company’s website and through its YouTube channel.