Emerging tyre markets led by China are bucking the downward sales trends which are crippling the European and US markets.
According to Michelin’s latest market figures, sales of Chinese passenger car replacement tyres have grown significantly by up to a huge 31 per cent in some circumstances.
While at the same time the Chinese truck tyre replacement market is said to be flat year-on-year, compared with massive falls in the West, according to the report in Tyres and Accessories magazine.
South American tyre sales, on the other hand have not faired so well. In Brazil sales of original equipment truck tyres are 30 per cent lower than last year, according to the data.
The report also points out that this reflects on the heavy cuts that have been made to new truck tyre production.
As far as the Brazilian replacement tyre market is concerned, truck tyre sales are said to have declined approximately 20 per cent year-on-year.
Denna Bowman, Head Office