US tyre shipments significantly better than feared
The November tyre shipments forecast by the US Tire Manufacturers Association (USTMA) has significantly upgraded its 2020 estimates. It projects a total of 298.3 million units by the end of 2020, nearly 19 million units more than the association predicted in July. The new forecast also takes more than a third off the July forecast’s deficit against the 332.7 million units shipped in 2019. The USTMA said the figures reflect “industry resilience in the face of unprecedented challenges posed by the Covid-19 pandemic.”