U.S. Tire Manufacturers Association predicts lower tire shipments for 2023

Washington, DC – The U.S. Tire Manufacturers Association (USTMA) projects total U.S. tire shipments of 327.7 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 7.9%, -4.0%, and -1.3% respectively, with a total increase of 3.0 million units. Replacement passenger, light truck and truck tire shipments are also projected to change by 0.2%, -5.6%, and -21.3% respectively, with a total decrease of 7.3 million units.