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The Tire Market Analysis Committee of the RMA predicts a slower growth rate for this sector over the next two years, rising to 163.5 million units by 1994. A slight upward shift in new car builds caused the committee to revise its prior prediction of original equipment tires shipped in 1992 to 46 million units.
Import levels for passenger tires are anticipated to come in just below 38 million units in 1992, marking the third straight year of decline from the historic high of 44 million units in 1989. This trend is expected to continue as some importers develop domestic production capacity.
Performance and speed rated tires continue to be viewed as the stronger segments of the passenger tire market, with '92 shipments of all-season speed-rated tires exceeding '92 shipments by more than 30%...
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