Year-End Tire Shipment Forecast Shows Slight Growth for 2016
December 9, 2016
Total U.S. tire shipments will increase slightly in 2016 according to a forecast by the U.S. Tire Manufacturers Association (USTMA), the national trade association for tire manufacturers in the U.S.
- Passenger vehicle original equipment and replacement tire shipments are expected to fall slightly compared to 2015.
- The light truck tire segment should end the year with growth in both original equipment and replacement tire shipments.
- Original equipment truck tire shipments are projected to decrease while replacement truck tire shipments increase. Total truck tire shipments (original equipment plus replacement) will decrease.
- Overall, total tire shipments are projected to increase from 313.5 million units to 314.4 million.
USTMA 2016 Projected Tire Shipments
| 2015 Final | 2016 Forecast | % Change | Units +/(-) | |
|---|---|---|---|---|
| Original Equipment Tires | ||||
| Passenger | 49.7 | 49.6 | -0.3 | -0.2 |
| Light Truck | 4.4 | 4.8 | 9.5 | 0.4 |
| Truck | 6.2 | 5.1 | -17.6 | -1.1 |
| Replacement Tires | ||||
| Passenger | 206.1 | 205.2 | -0.5 | -1.0 |
| Light Truck | 29.1 | 31.5 | 7.9 | 2.3 |
| Truck | 17.9 | 18.4 | 2.5 | 0.4 |
| Total Shipments | 313.5 | 314.4 | 0.3 | 0.9 |
Note: All shipments in millions. Figures are rounded.
Projections based upon tire shipment data from January-October 2016.