Car tyre sales in Poland reach record

The total number of car tyres sold in Poland in the first nine months was a record 5.4 million, or eight per cent higher than the same period last year. Sales of tyres H-rated and above grew by 21 per cent, and off-road vehicle tyre sales were up 54 per cent.

The biggest sector – budget tyres – saw sales rise two per cent and winter tyre sales were up 13 per cent. Analysts expect the figures to have positive effects on the share prices of the two tyre companies on the Warsaw Stock Exchange; Stomil Olsztyn and Debica, which has a market share of over 50 per cent. Also, as exports account for the majority of their turnover, the two companies will benefit further from the strong Euro.