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You are here: Home1 / News2 / Slow Quarter for Tyre Manufacturers

Slow Quarter for Tyre Manufacturers

Date: 11th October 2004 Author: Tyrepress Editors Comments: 0

Financial analysts are reporting that this quarter is likely to be a slow quarter for retailers and tyre manufacturers. According to the Deutsche Bank analysts, tyre shipments were weak in September declining 6 per cent year over year. This is said to have follow a 7 per cent decline in July and a further 1.5 per cent slip in August. As a result, the consultants are predicting that US tyre makers will experience, on average, a 5 per cent drop during the quarter. Industry players are attributing the weakness to weather in Southeastern US and the ever-increasing fuel prices, impacting on car maintenance spending. This analysis means that the bank is lowering is third quarter estimates for both Goodyear and Cooper.

Related news:

  1. Improved Natural Rubber Prices Could Ease Manufacturing
  2. US Tyre Shipments Beat Expectations
  3. Cooper Results Have Implications on Goodyear
  4. US Motorists Driving Less
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Related Tags

analysts, car maintenance, Cooper, financials, fuel, Goodyear, Manufacturing, prices

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