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Sep 5, 2023

USTMA July 2023 Forecast Predicts Lower 2023 Tire Shipments for U.S. Tire Market

The U.S. Tire Manufacturers Association (USTMA) projects total U.S. tire shipments of 325.4 million units in 2023, compared to 332.0 million units in 2022 and 332.7 million units in 2019.

Compared with 2022, Original Equipment (OE) shipments for passenger, light truck and truck tires are expected to change by 5.6%, -0.5%, and 0.0% respectively, with a total increase of 2.3 million units. Replacement passenger, light truck and truck tire shipments are also projected to change by -1.5%, -3.6%, and -16.0% respectively, with a total decrease of 8.9 million units.

2023 

%

Units

%

Units

Forecast

2022

Vs 2022

Vs 2022

2019

Vs 2019

Vs 2019

Original Equipment

Passenger

43.9

41.6

5.6%

2.3

46.3

-5.0%

-2.3

Light Truck

6.2

6.3

-0.5%

0.0

5.9

6.3%

0.4

Truck

6.5

6.5

0.0%

0.0

6.5

-0.5%

0.0

Replacement

 

 

Passenger

210.5

213.7

-1.5%

-3.2

222.6

-5.4%

-12.1

Light Truck

35.9

37.2

-3.6%

-1.3

32.5

10.3%

3.4

Truck

22.4

26.6

-16.0%

-4.3

18.9

18.2%

3.4

 

 

Total Shipments

325.4

332.0

-2.0%

-6.6

332.7

-2.2%

-7.3

Note: All shipments in millions. Figures are rounded.

Detailed 2022 data can be found in the USTMA’s annual Factbook, which can be purchased from the Publications section www.ustires.org.

Source: USTMA

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