Conti sees modest growth in European tire markets

Hanover, Germany – Continental expects growth of around 2-3% in European tire markets for 2018 as a whole, the group said in its half-year results statement issued 2 Aug.

In the first-half, it said, the replacement tire market for cars and light commercial vehicles (CVs), volumes rose 3% year-on-year. This was driven mainly by strong growth in Russia, France and Turkey.

For the full-year, Continental said it expects a 2% increase in sales volumes in the region.

In terms of its European OE tire business, Continental noted preliminary…

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