Skip to main content
Sister Publication Links
  • Rubber News
  • European Rubber Journal
Subscribe
  • Login
  • Register
  • Subscribe
  • Current Issue
  • News
    • OPINION
    • BUSINESS/FINANCIAL
    • COMMERCIAL TIRE
    • GOVERNMENT & LAW
    • Humanitarian Award
    • RETAIL TIRES
    • SERVICE ZONE
    • TIRE MAKERS
    • Best Places to Work
    • RUSSIA WAR IN UKRAINE
  • Aligning with ADAS
  • Data
    • DATA STORE
  • Custom
    • SPONSORED CONTENT
  • Events
    • ASK THE EXPERT
    • LIVESTREAMS
    • WEBINARS
    • SEMA LIVESTREAMS
  • Resources
    • DIRECTORY
    • CLASSIFIEDS
    • SHOP FLOOR
    • AWARDS
    • BALANCING
    • DEMOUNTING
    • SAFETY
    • TIRE REPAIR
    • TPMS
    • TRAINING
    • VEHICLE LIFTING
    • WHEEL TORQUE
    • Best Places to Work
  • ADVERTISE
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. News
April 03, 2013 02:00 AM

Replacement outlook weakens

  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    WASHINGTON, D.C. (April 3, 2013) — Replacement tire demand in the U.S. last year was slightly better than earlier forecasts, but the outlook for 2013 has worsened, according to the latest market summary from the Rubber Manufacturers Association.

    Replacement market shipments fell 2 percent, or about 5 million units, last year, the RMA said, to 235 million units. That's about a 1 million unit improvement over the trade group's mid-December report, but at the same time the RMA has tempered its outlook for 2013, calling for a meager 1 million unit increase over 2012.

    The RMA based its projection on on expected spending pressures on U.S. consumers.

    OE demand, on the other hand, appears to be stronger than was anticipated four months, the RMA report shows. Overall OE tire shipments are expected to rise nearly 6 percent this year to about 52 million units on higher-than-expected vehicle manufacturing levels, the RMA said.

    As for the replacement passenger tire market, the largest category, the RMA sees shipments rising only about 1 million units, or 0.4 percent, to about 192 million units.

    Replacement passenger tire shipments fell 1.8 percent, or 3.5 million units, last year to 190.9 million units.

    The RMA anticipates only about 1 percent growth in replacement light truck tire shipments and no growth in the medium/heavy truck sector.

    Light truck tire shipments fell 1.9 percent last year to 28.1 million units, and the medium/heavy truck tire aftermarket fared worse, dropping 4 percent to 15.8 million units as fleets opted to buy new equipment and the economy remained sluggish.

    Demand for OE passenger tires this year is expected to push shipments up more than 6 percent, or about 2.7 million units, the RMA said, based on forecasts of domestic light vehicle production topping the 15 million unit mark.

    This growth will be on top of 12.1-percent growth last year to 40 million units.

    Light truck OE tire shipments should grow about 3 percent, the association said, to 4.4 million units, after rising 1.5 percent in 2012.

    The RMA expects little or no growth in OE medium truck tire shipments, after increasing 2.6 percent last year to 5.1 million units.

    Letter
    to the
    Editor

    Do you have an opinion about this story? Do you have some thoughts you'd like to share with our readers? Tire Business would love to hear from you. Email your letter to Editor Don Detore at [email protected].

    Most Popular
    1
    Updated: ATD to buy Monro tire-distribution unit for $105M
    2
    Bruno to assume Pirelli CEO role in 2023
    3
    Michelin worker dies at Nova Scotia tire plant
    4
    Monro fiscal '22 earnings, sales up double-digits
    5
    Apollo fiscal '22 sales up 20%, earnings down
    SIGN UP FOR NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Newsletter Center

    Staying current is easy with Tire Business delivered straight to your inbox.

    SUBSCRIBE TODAY

    Subscribe to Tire Business

    SUBSCRIBE
    Connect with Us
    • Facebook
    • LinkedIn
    • Twitter
    • RSS

    Our Mission

    Tire Business is an award-winning publication dedicated to providing the latest news, data and insights into the tire and automotive service industries.

    Reader Services
    • Staff
    • About Us
    • Site Map
    • Industry Sites
    • Order Reprints
    • Customer Service: 877-320-1716
    Partner Sites
    • Rubber News
    • European Rubber Journal
    • Automotive News
    • Plastics News
    • Urethanes Technology
    RESOURCES
    • Advertise
    • Privacy Policy
    • Privacy Request
    • Terms of Service
    • Media Guide
    • Editorial Calendar
    • Classified Rates
    • Digital Edition
    • Careers
    • Ad Choices Ad Choices
    Copyright © 1996-2022. Crain Communications, Inc. All Rights Reserved.
    • News
      • OPINION
      • BUSINESS/FINANCIAL
      • COMMERCIAL TIRE
      • GOVERNMENT & LAW
      • Humanitarian Award
      • RETAIL TIRES
      • SERVICE ZONE
      • TIRE MAKERS
      • Best Places to Work
      • RUSSIA WAR IN UKRAINE
    • Aligning with ADAS
    • Data
      • DATA STORE
    • Custom
      • SPONSORED CONTENT
    • Events
      • ASK THE EXPERT
      • LIVESTREAMS
      • WEBINARS
      • SEMA LIVESTREAMS
    • Resources
      • DIRECTORY
      • CLASSIFIEDS
      • SHOP FLOOR
        • BALANCING
        • DEMOUNTING
        • SAFETY
        • TIRE REPAIR
        • TPMS
        • TRAINING
        • VEHICLE LIFTING
        • WHEEL TORQUE
      • AWARDS
        • Best Places to Work
    • ADVERTISE
    • DIGITAL EDITION