WASHINGTON (June 6)—Offshore tire makers—those with no manufacturing presence in the U.S.—increased their U.S. market share last year in all major categories. Statistics obtained from government and industry data indicate offshore tire producers have their largest market in the U.S. in the medium and heavy truck and bus tire market. Last year´s offshore imports accounted for 16.5 percent of the U.S. replacement market, up from about 14 percent in 1998, according to statistics. In passenger tires, offshore imports accounted for nearly 8 percent of the U.S. replacement market, vs. 6.8 percent in 1998, whereas in light truck tires, the offshore share edged up slightly to nearly 5 percent, the analysis shows.
Offshore tire makers boost share of U.S. market
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