Tire Market 2021 PowerPoint Presentation

2020 Was Bad and Not So Bad

• With an unprecedented number of Americans staying at home and businesses closed, the 9.2% decrease in US replacement passenger tire sales ($28.2 billion to $25.6 billion) was a “better” performance than many other consumer products and services sectors.
• Although a much smaller segment ($5.4 billion total 2020 sales), sales of light-truck replacement tires decreased 5.2% and the slightly larger commercial truck segment ($6.7 billion) decreased 2.9%.
• Although independent tire dealers’ margins decreased in all categories, the declines were minimal: passenger retail from 30.0% (2019) to 28.8% (2020) and light truck retail from 25.3% to 24.4% while medium truck retail increased slightly from 15.4% to 15.6%.

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