Michelin releases September tyre industry data

Paris - Michelin has updated its website with market data for the month of September.

The new data shows thatSeptember was a poor month for tyre sales generally, with the exception of the developing markets in Asia and south America.

Michelin said the total OE market for car tyres in the nine months to September 2007 were up by 3.7 percent in Europe, despite a decline of 0.9 percent in the the year-on-year figure for September. The site gives only percentage changes, not absolute numbers. For North America, the equivalent figures were a decline of 1.8 percent for the nine-month period and a year-on-year increase in September of 2.4 percent.

In the replacement business, Europe was significantly weaker, with the nine-month figures showing an increase of just 0.1 percent and the one-month figures down by 6.8 percent. In North America, the market increased by 1.4 percent in the first nine months reflecting a decline of 3.5 percent in the month of September. China's growth continued to be healthy with both year-to-date and monthly figures showing growth of around 19 percent.

In Truck OE sales, Europe showed a 14.7 percent increase in the first nine months, while the Septemer figure was growth of 12.3 percent. The decline in North American truck OE sales continues to accelerate, with sales in the first nine months down by 29.5 percent, made worse by a 46.6 percent decline in September alone. In Brazil, however, the first nine months showed a healthy 32.5 percent gain, boosted by a 39 percent increase in September.

Truck replacement tyres showed a similar, though less extreme tendency. European truck tyre markets were up 3.9 percent in the first nine months, matched by 4 percent growth in September. North America showed a decline of 4.4 percent in the year to September and a decline of 5.4 percent in the single month. The Brazil market however, grew by 13.1 percent in the first nine months slowed somewhat by a relatively poor 3 percent increase September. Japanese replacement truck tyre sales improved by 1 percent in the year to date, but fell 5 percent in the single month

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Source1 (Origin) story

statistics from Michelin