Tyre markets may have bottomed out in October - Pirelli

ERJ staff report (DS)

Milan, Italy -- Pirelli has updated its website with tyre sales in different regions for the month of October and the first ten months of 2012.

The company reports only percentage changes, not absolute numbers.

Pirelli said European truck tyre replacement sales fell by 20 percent in the first ten months, but the October figure showed growth of 1 percent compared with a year ago. Cumulative OE figures also showed negative growth of 7 percent, while OE sales were down by just 3 percent in October.

OE truck tyre sales in the NAFTA region further slowed their recovery, increasing by 9 percent in the first ten months, with a decline of 11 percent in October. On the replacement side, the slowdown in sales continued, with a decline of 11 percent in the first ten months eased by an increase of 1 percent in the month of October.

Data for the Mercosur region showed OE sales down by 28 percent in the first ten months, with the October figures showing a 22-percent decline year-on-year. On the replacement side, sales fell 6 percent in the first ten months, though October sales showed a smaller decrease of just 2 percent.

Asian data is not yet in, except for Japanese replacement sales, where the sales showed signs of reversing the downward trend. The last ten months showed an 11-percent decline, but October data showed an increase of 30 percent, compared with September's drop of 18 percent year-on-year.

In the car and light truck segment, European OE sales in the first ten months were down by 8 percent, helped by a decline of just 4 percent in October. Replacement sales were down by 11 percent in the first ten months and down by 7 percent in October.

North American (NAFTA) sales of car and light truck tyres were mixed. On the replacement side, sales in the first ten months were down by 4 percent in the year to date, but up by 3 percent in October. OE figures remained strong, with sales in the first ten months up by 19 percent and in October up by 17 percent.

In the Mercosur region, replacement sales in the year-to-date, up by 1 percent compared with the same period in 2011, but with level sales in the month of October. In OE, the first ten months figure was down by 2 percent, although October showed a strong increase, up 22 percent.

Again, Asian data was limited. Japanese replacement sales, were down by 3 percent in the year-to-date,and up by 9 percent in October.

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Data page from Pirelli