Continued OE Sales Growth in Europe

According to Michelin, the European OE car and light truck tyre market rose by 11 per cent in August compared with the same month of 2006. In contrast, the market in North America contracted by 3 per cent. Sales of replacement car and light truck tyres remained level in Europe during the month, but increased 1.7 per cent in North America.

Year to date, Europe’s OE car and light truck tyre market went up 4.3 per cent from the same period a year earlier, while OE sales in North America were punctuated by a 2.6 per cent decline. Replacement tyre sales were up 1.2 per cent in Europe and 2.1 per cent in North America during the same period.

In Europe OE truck tyre sales jumped 20 per cent in August, claimed Michelin, while across the Atlantic sales were a massive 37 per cent down. The replacement truck tyre market was far steadier, with a 2.4 per cent increase reported in Europe and a 0.2 per cent drop in North America.

Between the beginning of the year and the end of August the OE truck tyre market increased by 15 per cent over 2006 in Europe, while in North America sales sank by 28 per cent. Year to date replacement truck tyre sales were up 5.3 per cent in Europe and down 4.4 per cent in North America. Michelin did not offer any opinion on the reasons behind these figures.