Signs of Timid Recovery in European Car Tyre Market, Truck Market Depressed
ETRMA, the European tyre manufacturers association, has released market data detailing the stop-start nature of most European tyre markets in 2009. According to ETRMA, “the tyre industry has mixed feelings for the year 2009,” diplomatically summing up what was an atrocious year for some and a tough but stable slog for others.
The data shows that the contraction of passenger car tyre sales was smaller in 2009 than in 2008, however OE tyre sales recorded a -18 per cent decrease. The good news is that during the last quarter of 2009 a small but constant increase was reported for both markets.