By Alex Kapdia
Original equipment (OE) tyres shipments suffered a massive drop in the US last year, according to new statistics.
Shipments of passenger OE tyres plummeted by around 40 per cent from previous-year levels, figures revealed in the Modern Tyre Dealer’s 2010 Facts Issue.
Meanwhile, light truck OE tyre shipments fell 13.3 per cent and medium truck tyre shipments to new vehicle manufacturers plummeted a whopping 51.1 per cent.
Bob Ulrich, editor of the Modern Tyre Dealer, reported in the 2010 Facts Issue that: “From an OEM perspective, plant shutdowns (in 2009) led to a 35 per cent year-to-year decrease in US light vehicle production to 5.5 million vehicles.
“US light vehicle sales were down 21 per cent to 10.4 million vehicles. The goverment’s Cash for Clunkers stimulus program accounted for 690,000 of those units.”
The Modern Tyre Dealer Facts Issues are the most referenced publication in the US tyre industry.