You are here: / replacement tyres

Posts

European replacement tyres drive Nexen’s Q3 sales of KRW 708.5 billion

,

Nexen Tire has reported third-quarter 2024 sales of KRW 708.5 billion (£396.595 million; 474.829 million euros; US$514.418 million), up 2.3 per cent on last year. And KRW 52.3 billion in operating profit. Revenue growth in the third quarter was reportedly driven by higher sales in the European market, which grew by 11.9 per cent year-on-year. More specifically, Nexen reported strong winter tyre sales in Europe during the peak seasons of 2Q24 and 3Q24. Despite a slowdown in European original equipment (OE) market, tyre supply there is said to have remained stable “thanks to the company’s expanded supply to premium brands and increased brand recognition through marketing efforts such as the Manchester City partnership.”

Membership Required

If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.

Subscribe now

Becoming a member has benefits such as:

  • Read our sector-leading articles in full
  • Full analysis of tyre business segments
  • Read Tyres & Accessories magazine online/in print

Already a member? Log in here

Related news:

  1. Bridgestone EMIA resuming manufacturing
  2. Voith buys Thyssenkrupp Services in UK
  3. Michelin launches bespoke European CrossClimate 2 all-season tyre
  4. European operations lead the way as Apollo Tyres reports 16% increase in profitability
/by

Cost vs conscience: Mitas squares up against price-driven rivals

,

We want a fair and just world, so long as the price tag isn’t too high. We hope and long for a decent income but purchase goods made with low-cost labour. And more sustainability would be very nice indeed, provided it doesn’t make anything more expensive. These paradoxes are endemic in our world, including within the agricultural sector, something that tyre maker Mitas is well aware of. The brand is tackling such inconsistencies in an effort to increase its presence in the aftermarket, as Elio Bartoli told us when we visited the Mitas tyre plant in Otrokovice, Czechia last week.

Membership Required

If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.

Subscribe now

Becoming a member has benefits such as:

  • Read our sector-leading articles in full
  • Full analysis of tyre business segments
  • Read Tyres & Accessories magazine online/in print

Already a member? Log in here

Related news:

  1. The Mitas touch – a new plant, agri tyre ‘revolution’, and a changing brand focus
  2. ‘Mitas Premium’ announced at EIMA – Continental name to be phased out on OE agri tyres
  3. Michelin demonstrates benefits of Ultraflex tyres, central tyre inflation in Aberdeenshire
  4. ATG showcases high performance flotation, high flexion tyres at LAMMA 2019
/by

Apollo Tyres – Even driving enthusiasts want a comfortable replacement tyre

A new survey commissioned by Apollo Tyres suggests that driving enthusiasts now value ride comfort almost as much as performance when buying replacement tyres. When asked which characteristics they would prioritise when buying a replacement tyre, 34 per cent of respondents who claim to “love” or “like” driving cite ‘high-performance grip and traction’ as priority, while 23 per cent mention ‘ride refinement and low noise’.

Membership Required

If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.

Subscribe now

Becoming a member has benefits such as:

  • Read our sector-leading articles in full
  • Full analysis of tyre business segments
  • Read Tyres & Accessories magazine online/in print

Already a member? Log in here

Related news:

  1. Survey suggests majority of EV owners want specialist tyres
  2. EV tyre awareness low amongst UK motorists
  3. Survey highlights poor understanding of tyre load ratings
  4. Hard work has paid off – Vredestein on Autozeitung test win
/by

High rim diameter tyres are West, Central Europe replacement car tyre growth segment

, ,

Using its broadest possible definition as tyres with rim diameters of 17” or more, the ultra-high performance tyre segment is the only engine of growth within the replacement passenger car and light truck (PCLT) tyre segment in West and Central Europe, the latest data and projections from leading tyre business analyst Astutus Research demonstrates. Having withstood the Covid pandemic and accelerated out of 2021 far quicker than smaller rim diameter segments, the 18”-plus segment especially is going to help bolster what little growth there will be in the PCLT tyre market within the region, while also taking market share from smaller sizes. With the electrification of the car parc bringing EVs with generally higher rim sizes, in addition to existing trends towards larger tyres, such as the popularity of SUVs, demand for tyres in this size segment will rise rapidly over the next few years, Astutus’ projections show (see the graphs on these pages for more details).

Membership Required

If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.

Subscribe now

Becoming a member has benefits such as:

  • Read our sector-leading articles in full
  • Full analysis of tyre business segments
  • Read Tyres & Accessories magazine online/in print

Already a member? Log in here

Related news:

  1. West, Central European replacement tyre market accelerating towards larger tyres
  2. OE deals demonstrate expanding Yokohama Advan range’s qualities
  3. Pirelli: EV fitments growing at double 2022’s rate, brand most-seen on new EVs at IAA Munich
  4. Davanti unveils wave of new product, partnership news at first conference
/by

Crypto bubble prompts 9.2% jump in UK luxury car ownership

RedCharlie; Unsplash

Ownership of Aston Martin, Rolls Royce, Maserati, Bentley and Porsche cars has increased 9.2 per cent in the UK in the past year, up from 221,124 in 2020 to 241,391 in 2021. Data from national accountancy group UHY Hacker Young shows that Porsche remains the most popular luxury brand with 173,523 vehicles on the road and the brand experiencing a 10 per cent increase on the total of 157,916 in 2020. Ownership of Maseratis is growing the quickest, with 10.3 per cent more on UK roads, from 10,078 in 2020, to 11,113 in 2021.

Read more

Related news:

  1. Bentley and Olympic gold medallist boost Avon Tyres British GT 2014 at Oulton Park
  2. Jaguar E-Type voted the UK’s favourite classic car
  3. Aston Martin continues with Welsh plant investment post-Brexit
  4. GfK: UK automotive could face manufacturing and sales problems post-Brexit
/by

Pirelli Elect now available in the aftermarket

For the past two years, Pirelli has supplied vehicle manufacturers with original equipment tyres tailored for electric and plug-in hybrid cars. The tyre maker is now offering Pirelli Elect products as replacement fitments and states that these are “now widely available” for aftermarket customers. Pirelli has integrated Elect into all P Zero, Cinturato and Scorpion lines, thereby offering the technology for summer, winter and all-season ranges.

Read more

Related news:

  1. BMW homologates 3 Pirelli tyres for the 7 Series
  2. Pirelli tyres homologated for Jaguar F-Pace
  3. Pirelli tyres on nearly 3 in 10 electric cars at Munich’s IAA Mobility Show
  4. North America: Goodyear launches EV aftermarket range
/by

Replacement tyre demand remains strong – ETRMA

,

The latest European Tyre and Rubber Manufacturers’ Association (ETRMA) data suggest 2021 was “a positive year of recovery for the industry”, especially in the replacement sector. The biggest drop was in the Original Equipment (OE) consumer tyres segment (down 8 per cent) mainly due to the ongoing new vehicle chip shortage.

Read more

Related news:

  1. Tyre unit sales stabilised amongst ETRMA members during Q3 2014
  2. Tyre demand declining 15 to 26 per cent in 2020
  3. MOTs worth £177 million a year in UK tyre sales
  4. European OE tyre sales down -18 to -23% in 2020 – ETRMA
/by

North America: Goodyear launches EV aftermarket range

,

While tyre makers serving the UK and European markets typically cover replacement demand for electric vehicle tyres with energy-efficient products they also aim at ICE-powered cars, in North America Goodyear has introduced a replacement market tyre that’s specifically tuned for EVs. It has launched the Goodyear ElectricDrive GT in size 255/45R19 104W XL and intends to expand the line-up in 2022.

Read more

Related news:

  1. Goodyear’s Eagle F1 Asymmetric 3 runflat to debut on US Chevrolet Camaro 2016
  2. Titan launches 46-inch Goodyear-brand agricultural tyre
  3. Goodyear Appoints de Bok President of its EU Business
  4. Goodyear Ordered to Pay US$15 Million in Accident Ruling
/by

MOTs worth £177 million a year in UK tyre sales

Autotech

Together, the increased utilisation of independent contractors on the supply side and record online search figures on the demand side show that MOT testing is booming. Considering that MOTs were put on hold for roughly four-and-a-half months between March and August (let’s not even mention the Northern Ireland MOT crisis), this is good news. Word of a coming MOT spike will be warmly welcomed by the tyre and aftermarket associations that lobbied government for the end of the MOT extension on both road safety and economic grounds. But what exactly does the apparent boom look like? And why does it matter to the tyre trade?

Read more

Related news:

  1. Still going strong: 4×4 tyres continue to overcome obstacles
  2. MOT test demand set to spike in 2019
  3. MOT exemption starts on 30 March 2020
  4. NTDA: MOTs are central to vehicle safety
/by

We see you are visiting us from China.

If you would like the latest news from the Chinese tyre industry in Chinese, visit our partner site TyrepressChina.com. Or click below to continue on Tyrepress.