European tire markets weaken further

Brussels – European replacement tire markets continued a downward trend started in the previous quarter, figures from the European Tyre and Rubber Manufacturers’ Association (ETRMA) show.

Almost all market segments showed a decline in demand during the third quarter of 2017, Brussels-based ETRMA reported 13 Oct.

For the three months to 30 Sept, replacement tires for passenger cars registered a 3% year-on-year drop in demand to 55.8 million units.

The third quarter also brought a further decrease of replacement truck tire sales. The sector registered a 7% year-on-year…

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