Michelin confirms continuation of tyre market recovery

ERJ staff report (DS)

ERJ staff report (DS)

Paris - Michelin has updated its website with tyre market data for the month of November. The data shows markets a small market bounce, reversing the lower figures seen a month ago. The site gives only percentage changes, not absolute numbers.

The year so far saw a healthy 50.6 percent growth in European OE truck tyre sales strengthening the growth seen last month. November's sales grew by a healthy 77.0 percent year on year. The steady improvement in North American truck OE sales continued, with sales in the first eleven months up by 24.9 percent, matched by November growth of 27.9 percent.

The Brazilian market's sharp recovery slowed sharply in November. The year to date showed growth of 51.8 percent, with the November figures up by just 8.5 percent. Japan's market growth eased once more, with sales in the year to date running at 53.9 percent growth, but compared to last November, sales were up by just 15.5 percent. China saw a reversal in OE sales in November, slowing the impetus in the steady recovery so far this year, with OE sales up by 22.1 percent in the year to date, following a 24.4 percent decline in the month of November.

Truck replacement tyres in November showed universal growth. European truck tyre markets grew by 19.7 percent in the first eleven months, and increased by 14.1 percent in November. North America grew by 19.6 percent in the year to November, with an increase of 24.3 percent in the year-on-year figure.

In Brazil, a year-on-year increase of 32.7 percent brought the eleven-month figure to 36.6 percent growth. The steady recovery in Japanese replacement truck tyre sales continued in November, up by 10.2 percent in the year to date and up by 8.7 percent in the month of November. China sales for the month grew by 8.7 percent in November, making sales in the first eleven months 9.2 percent higher than a year before.

The OE car business has stabilised after the first half boom recovered much of the ground from last year's poor figures. Michelin said the total European OE market for car tyres in the eleven months to November 2010 was up by 13.1 percent, while the year-on-year figure for November reversed recent declines, showing a 5.8 percent increase. The North American market also grew strongly over a depressed market a year ago, with the equivalent figures showing an increase of 42.0 percent for the eleven-month period and a year-on-year increase in November of 3.2 percent.

China's OE demand was up by a massive 35.0 percent in the year to date and the increase in November was 25.7 percent.

In the replacement car tyre business, the steady growth in Europe continued. In November the eleven-month figures showed a growth of 7.6 percent with the one-month figure showing 14.6 percent increase. In North America, the replacement market grew by 4.4 percent in the first eleven months, and increased by 6.2 percent in the most recent month. Chinese replacement sales continued to grow strongly, showing growth of 22.0 percent in the year to date helped by an increase of 37.5 percent in the most recent month.

This is an external link and should open in a new window. If the window does not appear, please check your pop-up blocking software. ERJ is not responsible for the content of external sites.

Press release from Michelin