Year-on-Year Tire Production Down 16 Straight Months in March

Data compiled by the Japan Automobile Tyre Manufacturers Association shows that automobile tire and tube production volume in March totaled 89,547 tons. The 6.8-percent drop compared to the prior year marked the sixteenth straight year-on-year decline. The falloffs in year-on-year volume by product type were 14.6 percent for trucks and buses, 11.9 percent for small trucks and 4.6 percent for…