Michelin: Global Replacement Tyre Demand Improving, OE Remains Weak
Global OE tyre demand remained week in July, according to figures released by Michelin. However, the data also shows that, while global OE tyre demand continues to take a beating, there are signs of recovery in most replacement segments. However, Some of the least improved figures are in the European truck replacement market, where analysts described the status quo as “very poor.” Here July’s sales were -17 per cent down (-29 per cent year-to-date).