top of page

Michelin’s February Tire Data Show Continued Declines, Possible Recovery in China

Michelin has released its February and year-to-date figures for the tire market, revealing continued steep declines in the tire markets of North America, Europe, Brazil, and Japan. One relative bright spot in the data is China, which showed substantial growth in some key segments.

In original equipment passenger car and light truck tires, European sales were down 44.7% in February (relative to February 2008), while North American sales were down 53.6%, and Chinese sales were down 1.3%. In replacement PC/LT tires, European sales were down 8.1% in February, North American sales were down 15.1%, and Chinese sales were up 17.6%.

In original equipment radial truck tires, sharp declines were registered in February in Europe (-64.2%), North America (-45.9%), Brazil (-57.3%), and Japan (-60.8%), while China saw growth of 2.8%. Replacement radial truck tire sales for February were also down sharply nearly across the board, including Europe (-33.1%), North America (-25.8%), Brazil (-25.0%), and Japan (-54.9%), while China saw growth of 0.3%.

Year-to-date figures were equally grim. Details are here.

1 view0 comments

Recent Posts

See All

Notch blog moves to Wix

Our blog, News from Notch Consulting, has been published continuously since November 2007 with free news and updates related to the tire, rubber, carbon black, silica, and rubber chemicals industries.

Bridgestone will divest Russian operations

On October 31, Bridgestone Corporation announced it will sell all of its assets in Russia due to the war in Ukraine. The process could take several months. Bridgestone is seeking a buyer for its 80.6

Nokian chooses Romania for new tire plant

Nokian Tyres has announced the location for its new tire plant — Oradea, Romania. The investment will total Euro 650 million and construction is scheduled to begin in early 2023. The factory is expect

Comments


bottom of page