Michelin Figures Reveal Varying Fortunes
Michelin reports healthy OE sales of radial truck tyres throughout Europe in May and for the 2008 year to date. Sales for the month were 11.2 per cent greater than those of a year earlier. Sales were significantly weaker in the replacement market, were a decline of 12.5 per cent on May 2007 was reported, and in both the OE and replacement segments of the European market. During the month unit sales for these dropped 4.9 and 4.3 per cent respectively. Sales of OE passenger car tyres for the period between January and the end of May, contrary to the month’s figures, were up 3.1 per cent, while the replacement sales dropped 1.9 per cent. Truck tyre OE sales increased 14.3 per cent in Europe between January and May, while sales in the replacement market was down 4.6 per cent on the five-month period of 2007.