AKRON (Dec. 19, 2001)—Industrywide shipments of replacement consumer and commercial truck tires fell 6 percent from year-ago levels, Goodyear said in its monthly report to investors. The company acknowledged that its own tire shipments were down even more.
The Akron-based tire maker said that while Goodyear brand shipments fared better than those of the industry at large, its total unit shipments for the month failed to keep pace. The company said it shipped about 200,000 tires in November as part of Ford Motor Co.'s replacement program for Firestone ATX tires.
Industry shipments to original equipment customers declined 5 percent from year-ago levels in the case of consumer tires and 32 percent for commercial tires, according to Goodyear. The company said its own shipments of OE consumer tires were better than average, but its OE sales of commercial truck tires generally reflected the industrywide decrease in demand.
Meanwhile, Goodyear said it made substantial production cutbacks during November and expects more of the same in December due to continued weak OE and replacement tire markets.
The company reminded investors it plans a Jan. 1 price increase of 5 percent price on Goodyear, Dunlop and Kelly brand passenger and light truck tires, a 3-percent increase on Goodyear brand medium truck tires and a hike of up to 5 percent on Dunlop, Kelly and Steelmark brand commercial truck tires.