Sell-out levels start to regress SPIKE IN COVID-19 CASES HURTS DEMAND

摘要

Recent commentary from dealers suggests that consumer demand for passenger and light truck replacement tires was down in August compared to last year, while also showing a stronger decline versus levels seen during July. The net number of respondents to our latest survey reported that they experienced a 30.8% decrease year-over-year. We also note that our tire demand index was down 31.5% in August on a year-over-year basis.