US Tire Sales (Jun 2026 Preliminary Data): Slight Improvement

研报英文原文证据摘录

US Tire Sales (Jun 2026 Preliminary Data): Slight Improvement

Update

July 15, 2026 06:30 AM GMT

Morgan Stanley MUFG Securities Co., Ltd.+MTires | Japan Shinji Kakiuchi

Equity Analyst

US Tire Sales (Jun 2026 Shinji.Kakiuchi@morganstanleymufg.comHayato Takashima +81 3 6836-5416

Hayato.Takashima@morganstanleymufg.com +81 3 6836-5414

Preliminary Data): Slight

Improvement

Key Takeaways Tires

Japan

Replacement tire shipments in Jun 2026 released by the USTMA show light Industry View In-Line

vehicle tires +3.8% YoY, a rebound from -2.9% in May.

Exhibit 1 : US tire shipment volumes (YoY) See neutral implications for tire industry. Shipments look to be improving, with

inventory adjustments at dealerships/in distribution channels running course. Jun-26 (YoY) OE REP

Passenger Tire -0.6% 4.6%

Jan–Jun total sales -4.6% YoY. Must continue to watch impact from growth for Light Truck Tire -6.5% -0.9%

low-price imports not contained in USTMA data. Total Light Vehicle Tire -1.4% 3.8%

Commercial Truck Tire 2.1% -7.3%

Still think crude oil price fluctuations affect raw material costs, as well as vehicle

mileage (tire replacement cycle) due to changing gasoline prices. Source: USTMA, Morgan Stanley Research

Sales volume for REP commercial truck tires was -7.3% YoY in Jun, but this was an

improvement on the total Jan-Jun figure (-12.9%).

USTMA (US Tire Manufacturers Association) released tire shipment volume data on

Jul 13 local time. The data compiles figures of member companies, including four

Japanese tire makers, and excludes imported tires from non-members. For Jun 2026,

OE shipments showed light vehicle tires -1.4% YoY and commercial truck tires +2.1%

as YoY figures improved (the same as with REP shipment volumes).

Exhibit 2: US tire shipment volumes (YoY): Replacement tires, monthly