Automobile Industry Analysis

US Import Volume of Tires from China Decreased by 10.8% in 2018Q1

In Mar. 2018, the US import volume of tires reached 19.02 million, decreasing by 8.9% over the previous year and increasing by 2.7% over the previous month. Among them, passenger tires were 11.83 million, falling by 10% YOY and increasing by 6.3% MOM. Tires of trucks and passenger vehicles were 3.44 million, with an increment of 0.4% over the previous year and 8.5% over the previous month. Related report: In March, the US imported tires from China reached 3.78 million, dropping by 10.8% YOY and 10% MOM. Among them,…

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Analysis on Trend of China Tire Industry, 2017

According to statistics of World Automobile Association, at the end of 2016, automobile reserve volume was 1.12 billion, and production volume in 2015 was 90.68 million, up by 3.63% YOY. Global automobile production volume has kept a compound growth rate of 3.5% since 1997. In 2016, domestic automobile market also thrived in both productions and sales: annual sales volume of passenger vehicles was 24.38 million, hitting a record high, up by 16% YOY; sales volume of heavy truck even reached 32%, a historical high growth rate since 2011. At the…

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