Michelin releases tyre data for November
ERJ staff report (DS)
Paris - Michelin has updated its website with market data for the month of November.
The new data shows that November was a poor month for tyre sales generally, although replacement markets did better than original equipment.
Michelin said the total European OE market for car tyres in the eleven months to November 2007 was up by 3.4 percent, although the year-on-year increase for November was just 1.8 percent. The site gives only percentage changes, not absolute numbers. For North America, the equivalent figures were a decline of 1.6 percent for the eleven-month period and a year-on-year decrease in November of 4.5 percent.
In the replacement business, Europe was significantly weaker, with the eleven-month figures showing declining by 0.9 percent and the one-month figures down by 9.7 percent. In North America, the replacement market increased by 1.3 percent in the first eleven months reflecting an increase of 2.1 percent in the month of November. 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 continued to show rapid growth with a 19.2 percent increase in the first eleven months, while the November figure was up 22.9 percent on the previous year. The appalling decline in North American truck OE sales continues to accelerate, with sales in the first eleven months down by 31.1 percent, made worse by a 40 percent decline in November alone. In Brazil, however, the first eleven months showed a healthy 31.6 percent gain, although the rate of increase may be slowing, with the figure for November up by just 1.7 percent.
Truck replacement tyres showed a similar, though less extreme tendency. European truck tyre markets were up 3.3 percent in the first eleven months, reflecting a 3.9 percent decline in November. North America showed a decline of 2.2 percent in the year to November although this was boosted byan increase of 4.3 percent in the single month. The Brazil market however, grew by 15.5 percent in the first eleven months with the November figure almost identical. Japanese replacement truck tyre sales improved by 2.2 percent in the year to date, helped bya seven percent increase in the single month.
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Press release from Michelin
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