By Denna Bowman
The tyres industry has endured a “harsh period” during the past year with manufacturers committed to supplying original equipment suffering the worst effects, according to the chair of the Tyre Wholesalers Group.
However, Asley Croft, who has 40 years experience in the tyres trade, told the 2009 TWG Annual Lunch that the “replacement market traders have once again proved themselves to be relatively recession-proof”.
Tyres and Accessories reported on the speech today, stating: “While volumes in tyre wholesaling have remained relatively static, he qualified, the generally expected migratory shift downwards in segmentation has occurred – “from Premium to mid-range, mid-range to budget”.”
The report added: “However, Croft also suggested that the shift downwards from premium brands could not only be attributed to the recession, since these manufacturers were already in what he termed “an unstable position”.
“Looking to the new decade, Croft predicted an improvement in the truck tyre market.”