Michelin releases market data for September
ERJ staff report (DS)
Paris - Michelin has updated its website with tyre market data for the month of September. The new data from September underlines the increasingly unfavourable outlook for the tyre industry.
Michelin said the total European OE market for car tyres in the nine months to September 2008 was up by just 0.5 percent, while the year-on-year figure for September rose by just 1.2 percent. The site gives only percentage changes, not absolute numbers. The North American market continued its downtrend, with the equivalent figures showing a decline of 13.1 percent for the nine-month period and a year-on-year decrease in September of 9.1 percent.
In the replacement business, the decline in Europe slowed in September, with the nine-month figures showing a fall of 3.4 percent and the one-month figure up by 4.6 percent. In North America, the replacement market fell by 2.9 percent in the first nine months, matched by a decline in September of 2.4 percent.
Chinese replacement sales continued to grow rapidly, with the increase in the year to date running at 19.4 percent.
In radial truck OE sales, Europe's growth faltered. The first nine months saw an increase of 9.6 percent, although September's sales fell by 1.3 percent year on year. The appalling decline in North American truck OE sales may finally be slowing, with sales in the first nine months down by 15.8 percent, but a small rise in September of 2.2 percent.
The Brazilian market continued to boom with sales up by 20.0 percent in the year to date, helped by a 21.4 percent growth rate in the month of September. it was the same story in Asia, with sales up by 26.5 percent in the year to date and by 26.7 percent in Septembr aloone.
Truck replacement tyres showed a negative tendency. European truck tyre markets fell by 3.5 percent in the first nine months, but grew by 7.6 percent in September. North America fell by 4.2 percent in the year to September, and 5.3 percent in the year-on-year figure. In Brazil, a year-on-year growth of 15.1 percent slowed the nine-month figure growth to 25.5 percent. Asian replacment markets were strong, showing 13.5 percent growth in the year to September, but slowed with growth of just 7.2 percent in the month under review.
This is an external link and should open in a new window. If the window does not appear, please check your pop-up blocking software. ERJ is not responsible for the content of external sites.
Press release from Michelin
This article is only available to subscribers - subscribe today
Subscribe for unlimited access. A subscription to European Rubber Journal includes:
- Every issue of European Rubber Journal (6 issues) including Special Reports & Maps.
- Unlimited access to ERJ articles online
- Daily email newsletter – the latest news direct to your inbox
- Access to the ERJ online archive