Our View: Replacement recovery is a promising sign : vimarsa

Our View: Replacement recovery is a promising sign


Our View: Replacement recovery is a promising sign
Tire Business cartoon by Leo Michael
The U.S. passenger, light truck and commercial replacement tire segments have had the strongest recovery of all segments a year into the COVID-19 pandemic.
Consumer demand is increasing. More people are getting vaccinated, more pandemic safety protocols are being eased — which means more people are going out — and vehicle miles driven are increasing. Plus, a third round of stimulus checks has given consumers extra funds to spend.
Wholesalers and tire dealers — many who kept a lean inventory last year — are trying to stock up to meet the demand.

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