Passenger Car Tyre Markets Show Strong Growth in Feb – Michelin
Michelin’s market data for February 2010 shows a marked strengthening of passenger car and light commercial vehicle sales to OEM customers in a number of key regions. The OE passenger car and light commercial vehicle tyre market grew 47.0 per cent year-on-year in Europe (including Turkey but excluding Russia), 54.4 per cent in North America and 49.9 per cent in China. This gives a year-to-date growth of 42.9 per cent, 77.6 per cent and 91.3 per cent for the three respective regions.