USTMA pegs 2018 tire shipment growth at 0.8%

Washington –The US Tire Manufacturers Association (USTMA) is projecting tire-shipment growth across the board in 2018, albeit at rather modest rates ranging from 0.4 to 3.7%.

Overall, shipments of passenger, light and medium/heavy truck tires are forecast to rise 0.8% to 319.1 million units, the USTMA said, without indicating what factors are influencing its forecast.

The most promising category, the USTMA said, is original equipment truck tires, shipments of which are expected to rise 3.7% to 5.6%. This follows solid 9.7% growth in 2017 over 2016.

Shipments of…

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