Tyre market meltdown accelerates in January

ERJ staff report (DS)

Paris – Michelin has updated its website with tyre market data for the month of January. The latest figures are, if anything, even worse than December’s numbers.

In radial truck OE sales, although China appeared to recover somewhat, the declines in other major markets are horrendous. Europe’s sharp decline continues to accelerate. Year-on-year sales were down by an almost unbelievable 58.6 percent. This follows declines in December and November of 40.7 percent and 36 percent respectively. The North American market…

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