Shipping delays, price increases and the impact of new tariffs are all having a big effect on the U.S. tire market, but all three hitting the industry at once is creating an especially chaotic situation in the lower tiers. Executives from Sumitomo Rubber North America Inc. broke down the chaos during their latest dealer forum.
In the latest dealer forum hosted by Sumitomo Rubber North America Inc., the maker of Falken-brand tires says January results point to plenty of hopeful signs for the rest of 2021. Here’s a roundup of five things to watch.
The domestic tire industry experienced a “resurgence in growth” through the third quarter, Rick Brennan, vice president of strategic planning for Sumitomo Rubber North America, said during the company’s Dec. 1 virtual dealer forum.