AKRON—Goodyear said tire price increases it enacted Jan. 1 are sticking, even though its unit sales are off in the aftermarket, as well as to original equipment customers.
In a monthly report to investors, the company said its decline in replacement sales reflected the 5-percent falloff in the overall tire industry shipments for consumer tires, and 17-percent drop in commercial tires. Goodyear-brand aftermarket sales outperformed the market, the firm said.
Industry-wide original equipment shipments of consumer tires fell 20 percent and commercial tire shipments slipped 44 percent industrywide in February from a year earlier, and Goodyear said its unit sales "were in line with industry shipments."