Double-Digit Sales Growth From Larger Tires is Easing Market Challenges, Reports Circana
CHICAGO, June 26, 2023 /PRNewswire-PRWeb/ -- Replacement tires with a rim diameter of under 18 inches account for the majority of retail sales in the U.S., but larger rim-diameter tires are delivering growth in the challenged market. Unit sales of replacement passenger-car and light-truck tires with rim diameters of 18 inches or larger grew 10% in February 2023, year over year, according to Circana, formerly IRI and The NPD Group.
- Replacement tires with a rim diameter of under 18 inches account for the majority of retail sales in the U.S., but larger rim-diameter tires are delivering growth in the challenged market.
- Unit sales of replacement passenger-car and light-truck tires with rim diameters of 18 inches or larger grew 10% in February 2023, year over year, according to Circana, formerly IRI and The NPD Group.
- CHICAGO, June 26, 2023 /PRNewswire-PRWeb/ -- Replacement tires with a rim diameter of under 18 inches account for the majority of retail sales in the U.S., but larger rim-diameter tires are delivering growth in the challenged market.
- Unit sales of replacement passenger-car and light-truck tires with rim diameters of 18 inches or larger grew 10% in February 2023, year over year, according to Circana , formerly IRI and The NPD Group.