Conti: Labelling beginning to have an effect
Most motorists still unaward of labelling
There are already signs that European tyre labelling is having an effect on the purchasing decisions of consumers, that’s the view of Continental representatives shared at the company at its recent annual trends briefing in London. Conti’s reading of market response to labelling follows a number of different view proffered by other manufacturer, supplier and retail sources. So far much of the data has suggested that the label is unused or unoffered and so therefore doesn’t have much influence.
Interestingly, Conti qualifies its conclusions with two important distinctions: 1) We are mid tyre replacement cycle – consumers buy tyres every two years on average and so we haven’t had long enough for the market to have actually been to the tyreshop since legislation (something which is exacerbating by hypermiling consumers and part worn sales) and 2) we should be looking where label info is most prominent – online. True only roughly 8 per cent of tyre buyers complete their transactions online, but when you consider the fact that the vast majority of consumers are doing their tyre research virtually and that tyre retailers are already showing label values, this is an under-reported and significant perspectives.
Asked whether this was yet having an impact market segmentation, Conti representatives said that within the dealerships the all-around performance of the premium tyre still seems to be the main buying criteria. However, the quality segment continues to come under the greatest pressure, this segment has struggled to maintain share as a result of aggressive pricing strategies at both ends of the market. It seems the term squeezed middle applies to tyre market statistics as much as middle-income families.
Still, the majority of British motorists are either unaware of the EU tyre labelling regulations or do not accurately understand what is covered a year after they were introduced, according to research for Continental Tyres. Some 2,000 drivers were questioned for Continental Tyres as part of their regular research into attitudes to tyre buying and road safety.
When asked to name the categories on tyre labels, some 59 per cent said stopping distance/grip on dry roads was included when it does not form part of the product characteristics disclosed on the label. The stopping distance/grip on wet roads was correctly identified by 56 per cent of respondents followed by fuel economy (rolling resistance) and external noise.
For more than a third (37 per cent) an MOT failure is the most likely prompt for changing tyres. Some six in ten will shop around for the best prices on tyres. A lack of confidence in buying tyres is revealed as 42 per cent of people either get someone to do it for them or enlist someone to go with them to offer support. One in four respondents wrongly identified one of the categories on tyre labels as the distance the tyre would last.
The external noise of a tyre – one of the three categories covered by the EU label – ranked only tenth in the list of priorities motorists had when then considered what tyres to select.
The study asked people to rank their priorities when it comes to buying tyres – motorists listed what is important to them as follows:
- Stopping distance/grip on wet roads
- How many miles a tyre will last
- Fuel economy
- Stopping distance/grip on dry roads
- That is comes from a dealer I trust
- That it is the cheapest I can get
- That it is a brand I have heard of
- That it is a premium brand
- No idea about buying criteria
- The noise the tyre makes on the outside of the car
Laura Hardy, spokesperson for Continental Tyres, said: “With so many different products on sale and with such a range in performance it is really important that motorists are better informed when it comes to deciding what tyres to choose as it directly affects their safety.”
In the study, motorists told the researchers that grip in wet conditions was their first consideration when buying tyres. Laura Hardy added: “Given how important tyre performance on wet roads is in terms of stopping distances it is reassuring that drivers see this characteristic as the primary consideration for them. Though if tens of millions of people are not aware or don’t understand the new labels, then the risk is they are not getting what they want. At Continental, we believe when people understand the performance characteristics of different tyres – they make buying decisions with safety in mind.”