03 April 2013 21:40 [Source: ICIS news]
HOUSTON (ICIS)--US tyre shipments were unchanged in 2012 at 284m total units, according to a report issued Wednesday by the Rubber Manufacturers Association.
According to the Washington, D.C., trade group, a 10% increase in shipments to auto manufacturers offset a nearly 2% decrease in orders for replacement tyres.
“The absence of overall growth can primarily be attributed to a cautious consumer as well as economic uncertainties in both the commercial and consumer sectors of the replacement market,” the group said in a press release.
For 2013, the group expects tyre sales to rise by about four million units, or by 1.5%, to 288m units. The group cited “a declining unemployment rate, a rebound in housing, and increases in vehicle sales and vehicle miles traveled”, as the reasons for the increased production.
Tyre sales to automakers are expected to increase by 6%, or 2.7m units, in 2013. Replacement tire shipments declined in 2012 to about 235m units – a nearly 5m unit, or about 2%, decline. For 2013, the group expects a modest increase in replacement tyres of 1m units.
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