ERJ staff report (DS)
Paris - Michelin has updated its website with tyre market data for the month of March.Â The new data shows thatÂ MarchÂ was a poor month for tyre sales generally.
Michelin said the total European OE market for car tyres in the three months toÂ MarchÂ 2007 was up by just 1.4 percent, although the year-on-year figure forÂ MarchÂ was a fall of 8.8 percent. The site gives only percentage changes, not absolute numbers. The North American market was terrible, with the equivalent figures showing a decline of 10.6 percent for the three-month period and a year-on-year decrease inÂ MarchÂ of 27.6 percent.
In the replacement business, Europe continues to decline, with theÂ three-month figures showing an fall of 3.2 percent and the one-month figures down by 12.1 percent. In North America, the replacement market fell by 2.0 percent in the firstÂ threeÂ months, and 9.5 percent in the month of March.
Chinese replacement sales continued to grow, with the increase in the year to date running at 18 percent.
In radial truck OE sales, Europe's growth slowed with a 8.3 percent increase in the firstÂ threeÂ months, slowed by a 2.5 percent decline in March. The appalling decline in North American truck OE sales is continuing, with sales in the firstÂ threeÂ months down by 28.9 percent, matched by a 29.2 percent decline inÂ MarchÂ alone. In Brazil, however, the firstÂ threeÂ months showed a healthy 23.8 percent gain, although the rate of increase may be slowing, with the figure forÂ MarchÂ up by just 14.6 percent.
Truck replacement tyres showed a similar tendency. European truck tyre markets were down by 8.4 percent in the firstÂ threeÂ months, reflecting an 7.1 percent decline inÂ March. North America fell by 1.4 percent in the year toÂ March, made worse by a decline of 3.2 percent in March. The Brazil market however, grew by 23.8 percent in the firstÂ threeÂ months with theÂ MarchÂ figure up by 14.2 percent. Japanese replacement truck tyre sales recovered from a disastrous January, with year-to-date figures up by 1.4 percent helped by a healthy 17.5 percent increase in the month of March.
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Press release from Michelin