European PCR, OE truck markets down in March
In its latest market trends update, Michelin reports that European on-road tyre markets were mostly down in March. Original equipment and replacement market passenger car tyre sales in Europe (including the Turkish and growing Russian markets) were respectively down 15 and 11 per cent year-on-year during March 2013. The year to date decline is 11 per cent for original equipment and nine per cent for the replacement market.