The U.S. Tire Manufacturers Association (USTMA) projects 2020 U.S. tire shipments will increase to 333.2 million units compared to 332.7 million units in 2019. Original equipment (OE) passenger tire shipments are expected to decrease by 0.3 million units, while passenger tire replacement shipments are projected to increase by 0.8 million units compared to 2019. Original equipment and replacement light truck as well as replacement truck tire shipments are all expected to increase, while a decrease is projected for OE truck tires.
Monro, Inc. reported second quarter sales of $283.6 million, down 1.8%, as comparable store sales for tires and brakes fell 4% while batteries and maintenance grew.
Titan International reported third quarter revenue of $335 million from continuing operations, with earthmoving and construction sales up 5% and agricultural sales down 12%.
