Replacement consumer tire volume in the U.S. dropped 63% in the first half of April, with light truck tires affected slightly less than passenger tire units.
Sumitomo's Snapshot of the Tire Industry Amid COVID-19
The U.S. tire industry was already off to a rough start in 2020 before the coronavirus. That's one takeaway from Sumitomo Rubber North America Inc.'s first virtual dealer forum. We've compiled five more takeaways, covering the original equipment and replacement tire markets in both the consumer and truck tire businesses.