By Denna Bowman
The European tyres industry experienced mixed fortunes for 2009 as the world was caught in the grips of a deep recession, statistics from a leading tyres organisation revealed.
However, the UK suffered a drop in replacement market sales, according to the report by the European Tyre and Rubber Manufacturers’ Association (ETRMA).
Research by ETRMA showed that the decrease in sales of tyres for passenger car sales in the 2009 replacement market was not as high as in 2008, however the Original Equipment Market (OEM) still recorded a -18% decrease.
During the last quarter of 2009 a small but constant increase was reported for both markets.
The ETRMA said it will continue to monitor sales statistics during the next few months to determine whether there are continuing signs of growth or if it was a temporary correction of the market.
Looking at the major markets in 2009 only Germany, Italy Austria and Poland increased their sales, but the volume is still less than in 2007. Meanwhile in France and Spain the markets maintained their sales or even small amount of decrease was reported.