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Michelin predicts significant slowdown in car and truck tyre demand

While presenting its nine-month 2018 results, Michelin has predicted a significant slowdown in passenger and truck tyre market conditions in the second half of the year. However, the well-known tyre manufacturer also predicted “sustained growth” in the speciality sector, which consists of OTR, two-wheel, aircraft and agricultural tyres.

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Auto Bild Allrad tests winter SUV tyres

Ten winter SUV tyres – from premium brands to a so-called “budget tyre from the Far East” – were put to the test in this year’s comparative evaluation from Auto Bild Allrad. The German 4x4/SUV publication examined size 235/60 R18 107H/V products, fitting the tyres to an Audi Q5 for testing in wet, dry and snow disciplines. Happily, the testers found no truly dreadful tyres within the candidates’ ranks.

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Tructyre, ATS Euromaster merging heavy tyre businesses

When Michelin acquired truck tyre supplier and service provider Tructyre almost a year ago, it gained one of the UK’s most successful independent commercial vehicle tyre management groups. It now intends to evolve this asset into Britain’s largest national heavy tyre business by merging Tructyre with the heavy tyre operation currently belonging to ATS Euromaster.

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Goodyear introduces “Roll by Goodyear” integrated tyre retail programme

The Goodyear Tire & Rubber Company has introduced a new tyre retail process that integrates online purchases with real-life fitment. “Roll by Goodyear”, as the new approach has been named, will start out in the Washington, DC, metro area where Roll by Goodyear showrooms and the multiple installation options will be available. The goal is to offer consumers the chance to purchase interchangeably between online and in-store, according to the company.

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‘Thrilled giant strides acknowledged’ – Bridgestone reacts to Tyre Industry Awards double

Bridgestone has said its double NTDA Tyre Industry Awards 2018 victories “endorse” its “hard work over the past 12 months.” The manufacturer was presented with the Staff Training & Development accolade, along with the headline Tyre Manufacturer of the Year award – the third time it has claimed the honour in the past four years.

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Company News

Tyre manufacturer share prices fall as demand loses pressure

Shares in tyre manufacturers dropped by as much as 9 per cent on Friday 19th October 2018, following Michelin reports that third quarter demand was down and that it was not expected to improve in the fourth quarter. Shares fell 6 per cent in early Paris trading to a seven-year low, but continued downwards and were down more than 9 per cent by mid-afternoon to 89.54 euros.

UK News

Midwest, Monmore launch new hybrid training course

Monmore Auto Parts and Midwest Motor Factors have announced details of their latest training opportunity for garages, to help equip technicians with the right skills around hybrid technology vehicles.

Product News

Continental wins in sport auto tyre test

If I were a winter tyre developer at Continental, I’d be getting smug by this point in time. The brand can boast yet another tyre test win, this time with sport auto. The German performance car magazine has named the WinterContact TS 850 P victor of its six-brand test.

International News

Linglong confirms $300 million deal for Brazil, Paraguay

Linglong Tire confirms the signing of a US$300 million deal with Paraguay-based tyre distributor Sunset Tires. Wang Feng, chairman of Linglong Tire, put his signature on a strategic cooperation agreement along with Nabil Chamseddine, chief executive officer and president of Sunset, on 12 October.

Career Tracks

Personnel changes at Giti Tire Europe

Changes are afoot within Giti Tire’s European sales and marketing team. Torsten Gehrmann, senior managing director Europe, has assumed leadership of sales and marketing for the DACH (Germany, Austria, Switzerland) region as well as for Italy and Spain. Stefan Klein, who previously headed sales and marketing in DACH, will part ways with Giti Tire on 31 December 2018, a little over a year after he joined the company.

Motorsport News

MotoGP – an ongoing challenge

Michelin has produced a second video covering its engagement as MotoGP tyre supplier. The English-subtitled video follows on from the short film released at the end of the 2016 season, Michelin’s first as exclusive supplier following an eight-year hiatus, and takes a behind-the-scenes look at the French tyre firm’s latest achievements in the sport.

Retreading News

Port Express signs Vacu-Lug Tyre Management for compliance, efficiency

UK container transport service company Port Express has selected Vacu-Lug Tyre Management as its dedicated tyre management solutions partner. The company operates a fleet of more than 90 vehicles and 150 dedicated trailers from its depots in Felixstowe, Southampton and Birmingham. Port Express will utilise Vacu-Lug’s Tyre Rescue service to reduce downtime.

Comment

Amazon’s increasingly influential role in tyre sales

This year Amazon really stepped up its presence in the tyre space, especially in the USA where the company is now dominant across online retail in general. To be specific, a whopping 50 per cent of everything bought online is from Amazon. But these figures are not just an American phenomenon. In the UK, 33 per cent of online retail is conducted through Amazon. This makes Amazon the fifth biggest retailer in the UK, just behind the big supermarkets. The point is that, now we know Amazon is moving into the tyre space, anything that is happening in the US has resonance in the UK market as well.