ETRMA: All segments except truck tyres down in 1H 2013
In June 2013 almost all tyre segments outperformed the same period last year, according to sales data released by European industry body ETRMA on 16 July. Winter tyres were said to be the exception to this rule, but no further details have yet been given. One perhaps surprising observation is that markets with weaker economies in Southern Europe are actually performing better than the more established DACH or Scandinavian regions “In southern Europe, the consumer cannot delay any longer change of tyres. We seem to have reached the bottom”, ETRMA secretary general, Fazilet Cinaralp commented. However as good as bottoming out may be for future prospects of an upturn, in the short term is said to be bad news for input suppliers.