AKRON (Aug. 20, 2002) — Goodyear's shipments of tires in July to its aftermarket and original equipment customers in North America continued to lag behind the industry trends, the tire maker said in its latest monthly investor update.
In addition, shipments of tires to its large wholesalers, while improved, have not recovered to 2001 levels, resulting in a “less favorable brand and product mix” for replacement tires.
For July, Goodyear said its shipments of replacement passenger and light truck tires lagged behind the pace of the industry, which shipped 7 percent fewer tires than a year ago. Excluding the effects of the Ford Motor Co. tire replacement program last year, industry shipments were flat with July 2001, Goodyear said.
Industrywide replacement shipments of commercial vehicle tires were up 8 percent over last July, but Goodyear's shipments were below the industry level.
At OE, the industry shipped 16 percent more passenger and light truck tires and 30 percent more commercial vehicle tires; Goodyear's shipments lagged behind the industry pace in both cases.
Elsewhere, Goodyear said it outperformed the market in Europe and experienced increased business in both its Asian and Latin American tire businesses.