USTMA revises sales forecast up for passenger tires

Washington – Shipments of replacement passenger tires are expected to jump nearly 6% this year to a record 223.9 million units, according to figures released by the US Tire Manufacturers Association (USTMA) 7 Aug.

The forecast is in sharp contrast with earlier projections from the trade group, which estimated replacement passenger tire shipments would drop 0.3% from a “historically strong” 2018.

The trade group — which represents a dozen tire makers with manufacturing capacity in the US — provided no explanation for its changed forecast, which represents…

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