By Oliver Hall
US tyres shipments are expected to rise by eight per cent this year on the back of an increase in demand for original equipment passenger tyres.
According to the Rubber Manufacturers Association (RMA) the demand in this field is projected to soar by 38 per cent.
While a predicted 5% increase in replacement passenger tyres is also expected to contribute to overall shipment growth.
RMA officials announced: “Total 2010 tyre shipments are projected to increase to 282 million units from last year’s 260 million. The rebound in 2010 shipments would be roughly equal to 2008’s shipment level.
“The increase in tyre shipments reflects an economy reemerging from the severe economic downturn, coupled with the recent turnaround of the domestic automotive manufacturers and a return to established driving habits.
“However, high unemployment, low consumer confidence and continued depressed home values continue to weigh on the consumer.”
The RMA attributes the rise in shipments down to the large increases in domestic vehicle production as a result of the resumption of auto manufacturer production.