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GfK: UK automotive could face manufacturing and sales problems post-Brexit

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The UK automotive industry could suffer the double-blow of declining vehicle sales and declining manufacturing after its exit from the European Union. According to GfK, while new registrations grew from 1.9 million to 2.6 million between 2011 and 2015 (DVLA), the news of Brexit has had a strong impact on the long-running GfK Consumer Confidence Index. The latest figures show an 8 point decline since the June survey, and a fall of 12.8 versus the rolling 12 month average in December 2015.

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GfK: UK still amongst largest and fastest growing SUV tyre markets

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The UK is still one of the largest and fastest growing 4×4/SUV tyre markets in Europe. In fact, according to the latest data compiled by market research specialists GfK Automotive, the UK is the second largest in Europe with sales of 1.157 million 4×4 tyres in 2015. Speaking with GfK Automotive account director Kevin Glynn, Tyres & Accessories learnt that only Italy’s annual sales of 1.4 million 4×4 tyres last year was bigger.

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Related news:

  1. GfK: SUV sales drive UK tyre market post-Brexit
  2. 4×4 SUV tyre sector value up 18 per cent
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Michelin declared top 10 European brand in Best Brands study

Michelin has been named one of the 10 best corporate brands in Europe following a representative study by Best Brands. “We are delighted with this outstanding result,” says Anish K Taneja, director of sales Michelin Germany, Austria and Switzerland.

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All-new policy?

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On the one hand, a steadily growing economy and healthily increasing commercial vehicle registrations figures appear to point to a bright future for the UK truck tyre segment. However, on the other hand, the situation is complicated by the increasing imports of low-cost and often un-reported Chinese tyre imports – something that is particularly affecting both current and future retread sales, owing to these products’ lack of retreadability.

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Related news:

  1. Tyre sell-out up 4% overall, value tyre sales growth outpaces premium 4:1
  2. Everything pointed to UK tyre market growth in 2014, but…
  3. Looking up? Why there’s more room for tyre demand improvements
  4. Tyre production in China – where are the ‘tier one’ manufacturers?
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High performance tyre segment growing across Europe

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As we have seen, the high performance tyre market is a complex and competitive environment. The fact that most manufacturers define and therefore calculate the market in a slightly different way adds to the complexity. With this in mind, Tyres & Accessories asked GfK automotive account director Kevin Glynn for some outside insights into what is going on in the world of high performance tyres.

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Related news:

  1. Giti: Rim sizes getting larger, and the UK is more ‘high-performance’ than many think
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  3. Growth in every size segment from 17” up, but rapidly slowing
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UK amongst the largest 4×4 tyre markets in Europe

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The UK is the second largest 4×4 tyre market in Europe, according to the latest data provided by well-known market researchers and tyre market analysts GfK. During recent discussions with GfK automotive account director Kevin Glynn, we learnt that the Italian 4×4 tyre segment is top of the pile and still growing, the UK’s share of this business is second-place but flat, and Germany takes the bronze medal in this respect, but is growing at nearly ten times the rate of the Italian 4×4 tyre market.

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Related news:

  1. GfK: SUV sales drive UK tyre market post-Brexit
  2. GfK: UK still amongst largest and fastest growing SUV tyre markets
  3. 4×4 SUV tyre sector value up 18 per cent
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Looking up? Why there’s more room for tyre demand improvements

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Our review of the year at the end of last year, pointed out how many sources had expected better times for the tyre retail market in 2014. Now as we move forward into 2015, Tyres & Accessories examines the current case for the demand recovery in the market. Many of the wider economic indicators point to broad economic recovery. At the same time pay is rising and inflation is levelling off at around 1 per cent, meaning household incomes should be rising. Furthermore fuel prices are lower than they have been for years. And of course, all this should lead to greater tyre sales volumes and even improved product mix. It is customary to be positive and even optimistic at this time of year, wishing everyone a happy new year etc, but the question remains with regard to our tyre market predictions – will it?

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Related news:

  1. Continental: UK car tyre market stable, getting larger and AFV fitments growing
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  4. GfK: SUV sales drive UK tyre market post-Brexit
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Everything pointed to UK tyre market growth in 2014, but…

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Without being too dramatic, 2014 was a bit of a disappointment. All the macroeconomic and sector-specific indicators seemed to point to 2014 being the year when the tide turned and when sell-out replacement tyre volumes finally started growing again. And yet the market looks like it is going to be down again when the full-year 2014 figures come in. Despite being a fully mature market, the UK car tyre replacement sector has basically been on varying degrees of a downer for the last six years. Things are not as bad as they were, but they certainly aren’t showing the signs of slow, stable growth they once were. With all this in mind, Tyres & Accessories spoke with GfK automotive account director Kevin Glynn in order to get a handle on what happened this year and what we can expect in 2015.

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Related news:

  1. Tyre sell-out up 4% overall, value tyre sales growth outpaces premium 4:1
  2. November winter tyre figures point to strong season
  3. All-new policy?
  4. UHP tyre prices recovering…
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Winter tyre growth in cyclical decline, but UK a market for all seasons

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GfK winter tyres infographic 2013-14

In Tyres & Accessories’ August 2013 Winter Tyre feature, we discussed the UK tyre industry’s continued deliberate steps towards the development of a winter tyre market, and the possibility offered by all-season tyres (which we’ll come to later). While the figures showed that sales of specialised products represent a much greater share of the market than you might have thought in the winter months, the correlative spikes in this figure remain confined to the months in which the weather is coldest. Market analyst GfK’s latest infographic on winter tyres, displayed on this page, goes further towards showing that this trend is prevalent even within the October-January period where winter tyre sales are most popular.

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  1. UK car drivers increasingly interested in all-season tyres
  2. Long-term trend shows winter tyres receding, all-season rising in UK
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  4. UK winter tyre sector is growing
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GfK: Thai 1Q replacement tyre demand up 22%

Despite the ongoing political upheaval which has been plaguing the Thais since the start of 2014, replacement car tyre sales grew by 22 per cent in terms of unit volume in the first quarter of 2014 compared with the same quarter last year. This equates to some US$175 million in first three months of 2014.

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November winter tyre figures point to strong season

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While Britain has been batter by storms this winter, and while the environment minister announced today (6 January) that some 1700 homes have been flooded this season, it has been relatively warm with much of Britain being buffeted by storms and at the same time experiencing high single-digit temperatures. Tragic for some. Inclement for most. But not the kind of weather that traditionally leads to increased winter tyre sales. Nevertheless, the latest data from market analysts GfK suggests that November sales are significantly up on both the previous month and when compared with the same time last year.

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GfK: Indian replacement tyre market 5.5 million units

GfK has been carrying out research on car tyres in India since January 2013 and says that, although demand for passenger cars in India has fallen somewhat short of expectations this year, the replacement passenger car tyre market is thriving with robust sales reported for car and SUV tyres in the last three quarters. Car owners in the top 43 cities in India bought more than 5.5 million tyres in first nine months of the year; with the third quarter sales volume having surged by a substantial 11 per cent over the previous quarter.

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[Re]defining brand boundaries?

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When Ashley Croft used his farewell Tyre Wholesaler Group annual chairman’s speech to ask how we define what a “premium” tyre is, he captured something of this year’s tyre industry zeitgeist (click here for full coverage of the speech). Of the speech didn’t just deal with this question – it touched on labelling, part worns and what the UK industry is doing to improve the availability of good market data too – but, if the market ruminations of a number of key players are anything to go by, Croft wasn’t the only one to have been raising this question during the last 12 months.

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Related news:

  1. What is a premium brand?
  2. Giti enters the top 10 of leading tyre manufacturers
  3. Mid-range online brand value growing
  4. TWG chairman solidifies stance against ‘pop-up pushers’ of part-worn tyres
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YHI adds Proton OE supply to Malaysia factory output

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YHI reports that its expanding Malaysia factory has gained some new OE deals including one with Proton as part of its strategy to grow its aftermarket and OEM businesses in Malaysia and wider region. According to YHI, the contract is to supply alloy wheels to Proton for its Satroa Meo R3, Global Small Cars and Saga FLX models. This order of alloy wheels will be manufactured at the Group’s Malaysia plant.

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UHP segment where ‘the vast majority of the action takes place’ – GfK

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The observation that trends regarding tyre size and speed rating have been tracing an upward trajectory for some time is nothing new, but the clear focus of the world’s largest tyre manufacturers on higher than high performance segments in Europe has perhaps never been so pronounced. Chasing improved profit margins with increased technology is always attractive to those with the capability and the incongruously strong luxury car market has provided an additional reason for migrating business focus from V-rated and 17” tyres into WYZ and 18”-plus territory, according to Automotive market research company GfK.

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