Goodyear tire sales in the second quarter increased by 84% year-on-year

According to Goodyear Tire’s financial report released on August 7, the company’s sales reached US$4 billion in the second quarter of 2021, an increase of 86% year-on-year; net profit was US$67 million, compared with a loss of US$696 million in the same period last year
.
This growth was driven by a variety of factors, including increased production, the merger of Cooper Tire, increased sales of other tire-related businesses, and favorable exchange rates
.


In the second quarter, the company's tire sales were 37.
5 million, a year-on-year increase of 84%
.
Among them, replacement tires increased by 78%, and original tires increased by 109%
.


In the first half of 2021, the company achieved sales of 7.
5 billion U.
S.
dollars, an increase of 44% year-on-year; net profit was 79 million U.
S.
dollars, compared with a loss of 1.
3 billion U.
S.
dollars in the same period last year
.


  In the first half of the year, the company's tire sales were 72.
5 million, a year-on-year increase of 40%
.
Among them, shipments of replacement tires increased by 41%, and original tires increased by 39%
.


  The financial report shows that the company has achieved better performance in the three major market areas
.
Among them, 19 million tires were sold in the Americas, with net sales of approximately US$2.
3 billion, an increase of 99%
.
In Europe, the Middle East and Africa, total tire sales this quarter were 12 million tires, and net sales were US$1.
23 billion, an increase of 82%
.
Sales of 6.
5 million tires in the Asia-Pacific region, net sales of 493 million US dollars, an increase of 48%
.


  Rich Kramer, the company's chief executive officer and president, said the global market recovery remains strong, especially in the United States and China
.