Market focus: EU tire market ‘hinges on October’

Brussels – The European tire industry has been left hoping for a fourth-quarter recovery after some significant reverses in the previous three months, according to the European Tyre and Rubber Manufacturers’ Association (ETRMA).

EU-tire-market-q3-16In its latest quarterly market report, issued 3 Nov, ETRMA noted a “worsening” in third-quarter sales for truck and agricultural tires dropped by 3% and 4% respectively.

Sales for passenger car tires, meanwhile, remained flat at over 57 million units in the third quarter, as…

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