Reading: Hankook sees tyres sales surge in Q2

By Oliver Hall

Hankook have seen a surge in tyres sales during the second quarter of 2010 and are looking forward to strong continued growth.

The Korean tyres manufacturer achieved a 63% original equipment tyre sales increase during the second quarter and a 26% increase “in overall sales, year-to-year”.

According to company officials: “Increases in new vehicle sales and replacement products industry-wide contributed to these jumps but do not alone explain the achievement. Hankook continues to buck the trend and gain market share.

“In replacement tyre sales, Hankook has seen increased sales in all premium product categories, including the ultra-high performance (category).”

Soo Il Lee, Hankook Tyre America’s president, said: “We are incredibly pleased with these results.”

Seung Hwa Suh, vice chairman & CEO of Hankook Tyre, added: “Hankook Tyre continued to have robust growth in the second quarter.

“With a positive outlook, we look forward to building stronger momentum during the second half through our ongoing focus on enhancing Hankook’s brand value, increasing customer satisfaction, and expanding its OE tyre supply to premium automakers.

“These sales increases are due in part to an increased awareness for our brand in the U.S. from consumers and OE manufacturers alike. We fully expect this momentum to continue during the second half of the year.”

This entry was posted on Thursday, July 22nd, 2010 at 7:49 am and is filed under Hankook, News. You can follow any responses to this entry through the RSS 2.0 feed.