ERJ staff report (DS)
Kuala Lumpur -- The malaysian after-market for tyres remains strong, according to a market research report from GfK Malaysia
sales were given a significant boost by the flurry of year-end activities which took place in the country. GfK Malaysia's retail audit of replacement car tyres in Klang Valley reported USD78 million worth of replacement car tyres being sold from October to December 2010.
Q4 replacement car tyre sales showed that Japanese and local tyre makers registered losses in market share when compared against the previous quarter. Japanese manufacturers lost a considerable three percent of their market share while local brands lost close to one percent. The biggest gainers were the American and European tyre brands with a combined gain of almost five percent market share.
Another rising trend is the proliferation of Chinese brands in the Malaysian market. "As in many other industries where we see increasing presence of Chinese brands, a similar trend is also surfacing in the replacement car tyre market in Malaysia. Of the total recorded tyre brands tracked by GfK, nearly one-fifth were Chinese brands," observed Jennifer Chan, General Manager of GfK Malaysia.
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Press release from GfK Malaysia