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    1. Mentioned In 130 Articles

    2. USTMA Tire Shipment Forecast Ticks Up for 2020

      As the U.S. economic downturn continues during the COVID-19 pandemic, the U.S. Tire Manufacturers Association (USTMA) projects 2020 U.S. tire shipments will decrease to 279.4 million units in 2020 compared to 332.7 million units in 2019. USTMA said its new forecast represents a small improvement of 5.8 million units from USTMAs April 2020 forecast adjustment, which was the first preliminary estimate after the declaration ...
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    3. Total U.S. Aftermarket Forecast to Decline 8.8% But Expected to Rebound in 2021

      RESEARCH TRIANGLE PARK, N.C. and Bethesda, Md. June 5, 2020 Total U.S. automotive aftermarket sales are forecast to decrease 8.8 percent in 2020 as a result of the impact of the COVID-19 pandemic and related factors, according to the 2020 Joint Channel Forecast Model produced jointly by the Auto Care Association and the Automotive Aftermarket Suppliers Association (AASA). The 2020 Joint Channel Forecast Model also predicts that ...
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    4. USTMA Gives Adjusted 2020 Tire Shipment Forecast

      USTMA Gives Adjusted 2020 Tire Shipment Forecast
      In response to the widespread economic crisis caused by the COVID-19 pandemic, the U.S. Tire Manufacturers Association (USTMA) has revised its February 2020 U.S. tire shipment projections to better reflect the impact of the pandemic on the tire manufacturing sector. This update is being shared in advance of the triannual forecast customarily conducted in July.
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    5. China’s tire exports record two-digit dips in first quarter

      China’s tire exports record two-digit dips in first quarter
      Beijing China's tire exports fell 11.3% year on year in the first quarter of 2020 to 102 million units, according to latest figures by General Administration of Customs. Export value presented in US dollars for the quarter stood at $3 billion (2.8 billion), representing a 13.2% drop year-on-year, the Chinese agency noted. Weight of such exports fell by 6.9% to 1.3 million tonnes.
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      Mentions: asia global report
    6. European rubber industry groups form Covid ‘crisis unit’

      London Rubber industry associations in a number of EU states have set up a Covid-19 crisis unit under the aegis of the European Tyre Rubber Manufacturers Association (ETRMA). The initiative, which involves SNCP (France), WDK (Germany), Consorcio del Caucho (Spain), Assogomma (Italy) and other industrial federations, is focused on information-sharing and interfacing with the European Commission.
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    7. Rubber, tire industries deals with uncertainty from coronavirus

      Like everyone else, tire and rubber companies and their employees face uncertainty as the world seeks effective responses to the coronavirus. It's now been months since the health crisis emerged from Wuhan, China, first gripping a large swath of that country before moving overseas and creating what the U.S. Centers for Disease Control and Prevention said is the likelihood of a pandemic. The risk is still low in ...
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    8. USTMA anticipates tire shipment increase in 2020

      USTMA anticipates tire shipment increase in 2020
      WASHINGTONBuoyed by strong aftermarket demand for truck and bus tires, U.S. tire shipments are expected to increase slightly this year over 2019 to 333.2 million units, according to the latest forecast from the U.S. Tire Manufacturers Association. Aftermarket shipments of truck and bus tires are projected to rise 2.1 percent this year over last to 19.3 million units, the USTMA said without offering any explanation ...
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    9. Coronavirus causes Moody's to slash global vehicle sales forecast

      The existing reservation list for new Tesla Model 3 electric vehicles is more than 400,000 people long. Moody's Investor Service is slashing its global vehicle sales forecast as the coronavirus outbreak reduces demand and disrupts automotive supply chains. The firm now expects global auto sales to slump 2.5% in 2020 instead of a 0.9% drop previously expected.
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    10. Italian tiremaker Pirelli maps route to margin growth - Reuters

      MILAN (Reuters) - Italian tiremaker Pirelli (PIRC.MI) will focus on its premium products and cost-cutting measures to drive a gradual increase in core profit margins over the next two years. Announcing its strategic plan after reporting annual results on Wednesday, the group said its margin on adjusted earnings before interest and tax (EBIT) would rise to between 18% and 19% through 2022, up from 17.2% last year.
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    11. US car tire production falls amid increasing imports

      Akron, Ohio At first glance, the US consumer tire aftermarket displayed moderate strength last year, with replacement passenger and light truck tire shipments up 2.2% and 2.5%, respectively, over 2018. What comes as a surprise, though, is that US-based tire manufacturers despite billions of dollars of investment in new and expanded capacities over the past several years did not seem to benefit from the aftermarket growth, according to ...
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    12. New Smithers report outlines global tire industry growth amid market and technology challenges

      New Smithers report outlines global tire industry growth amid market and technology challenges
      Continuing global economic growth through 2024 is supporting vehicle production, the number of vehicles in use, and the number of tires supplied for these vehicles. A new report from Smithers, The Future of Global Tires to 2024, outlines the factors that are contributing to tire industry growth as well as the evolution taking place with products and services within the industry. The global tire market is well positioned for further ...
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