November European market volumes dent year to date curve
November appears to have been a good month for original equipment passenger car and light truck tyre shipments in Russia. In their monthly market updates, Michelin and Pirelli respectively report a 2.9 per cent year-on-year decline and 3 per cent growth for this segment in Europe – the main difference being that Pirelli’s figures include Russia, while Michelin’s do not. November results for Russia alone were not published by either company. According to the French tyre maker replacement market volumes for the month decreased 2.1 per cent year-on-year, while its Italian counterpart reports the decline as only 1 per cent. Year to date, Michelin estimates the growth in the European passenger car OE and replacement markets as being 6.9 per cent and 7.0 per cent respectively, while Pirelli gives a lower figure of 4 per cent for both.