ETRMA: Tyre sales down in Q2 2016

The European Tyre Manufacturers’ Association (ETRMA) reports a sluggish second quarter of 2017. According to the association, members’ sales “slowed down significantly” during the three months to 30 June compared with the first quarter of the year, and were also below sales achieved in the second quarter of 2016. Performance in all segments was negative, however this trend was particularly strong in the consumer segment.

The 12 ETRMA tyre manufacturer members sold a total of 46.6 million car and SUV/4×4 tyres in the second quarter of this year, 5.6 per cent less than in the second quarter of 2016. Commercial vehicle tyre sales declined 1.2 per cent year-on-year to 2.2 million units, while sales of agricultural tyres were down 3.8 per cent to 376,000 units. Two-wheel tyre sales declined 3.8 per cent to 2.6 million units.

When looking at the first six months of the year, only a slight flexion can be seen for consumer and agricultural tyres – these are down 0.6 per cent and 1.8 per cent respectively – whilst the other segments remain positive – and even significantly so, when looking at truck tyres, with sales up 6.9 per cent year-on-year.