Giti CombiRoad technology introduced into 17.5” truck and bus market
The Giti GTR955 Combi Road tyre is being launched in three new 17.5” sizes. The development marks the first time Giti Tire’s latest truck and bus tyre technology has been available in smaller rims. Initially available in 215/75R17.5, it will be followed by the 235/75R17.5 and 245/70R17.5 in quarter four.
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Maxxis MaxxCross MX-SM motocross sand tyre available now
Maxxis’s new sand motocross tyre is now in stock and available to buy today from distributor Bickers. The MaxxCross MX-SM is a sand and mud tyre designed to offer the performance expected by professionals to the everyday rider. Used on sand tracks in the 2019 MXGP season, the MaxxCross MX-SM has two championship titles to its belt already; the Junior Motocross World Championship 125cc and the European 125cc Motocross Championship.
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Yokohama remains profitable in 1H 2020, despite coronavirus
The Yokohama Rubber Co., Ltd’s first half 2020 profit might have declined 92.5 per cent compare with the same period of the previous year to 1.3 billion yen (£9.321 million; 10.322 million euros, US$12.220 million), but the company did remain profitable as all tyre manufacturers have faced serious headwinds due to coronavirus. Operating profit fell 86.8 per cent to 2.9 billion yen. And salves fell 20.6 per cent to 247.1 billion yen.
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Toyo 2Q operating income down 48%
Toyo Tire Corporation reported net sales of 150,586 million yen (£1.1081 billion; 1.195 billion euros; $1.414 billion), a decrease of 15.7 per cent compared with the same period in 2019. Operating income, which amounted to 7,928 million yen (£59.923 million; 63.027 million euros; $74.443 million), down 48.3 per cent on 2019, was hit worst.
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All-season tyre growth, especially for premium brands – GfK
The Covid-19 pandemic and lockdown has made 2020 an annus horribilis for the UK car tyre market, with a near quarter-long lockdown slashing miles driven, original equipment sales due to prolonged factory closures, and reducing sales opportunities further with the government’s MOT exemption. However, tyre businesses have begun ramping up again in response to the reopening of business sectors, people returning to work, and the possibility that private car usage could become increasingly popular as commuters avoid public transport – though the trend for working from home could create more than a headwind for any growth in miles driven. Perhaps the greatest driver of UK car tyre sales growth in 2020 could be the projected spike in MOTs in the autumn, as the period of exemption expires for many pandemic affected motorists. Halfords Autocentres estimates that there could be an 85 per cent jump in demand for MOTs in October - click here for Tyrepresss own analysis of the MOT situation. Why is this important in a feature about all-season and winter tyres? As we are about to see, the all-season tyre segment continued its impressive growth over April 2019 - March 2020.
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First LCV market growth since January
The Society of Motor Manufacturers and Traders has announced the first growth month for the UK’s light commercial vehicle (LCV) market since January. There was a 7.1 per cent increase in registrations in July, with 27,701 new LCVs joined Britain’s roads.
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Latin Tyre Expo postponed until 2021
Having already delayed the 2020 Latin American & Caribbean Tyre Expo & Latin Auto Parts Expo from July to November back in March, the show’s organisers have now postponed the exhibition to 13-16 July 2021.
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Nokian Tyres net sales down over 30%
Nokian Tyres has reported second quarter 2020 net sales of 270.7 million euros. In the comparative period 2019, this figure was 415.7 million euros. Therefore, the Finnish company’s second quarter net sales were 30 per cent lower than this time last year.
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Cooper reports $6 million 2Q loss, international business beat 2019 result
Cooper Tire & Rubber Company reported a second quarter 2020 net loss of US$6 million on 3 August 2020 compared with net income of $9 million in the same period last year. Net sales decreased 26.9 per cent to $496 million. Operating profit was $5 million, or 1.1 per cent of net sales, compared to operating profit of $32 million (4.7 per cent of net sales) in 2019.
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Jason’s Tyres distributing Galaxy OTR tyre brand in Benelux
Alliance Tire Group (ATG), A Yokohama Rubber Corporation group company, has appointed Jason’s Tyres as its Galaxy OTR tyre brand distributor in the Belgium, Netherlands and Luxembourg (Benelux) region. An OTR tyre specialist with 20 years of experience, the Jason’s Tyres Extreme division will distribute the entire portfolio of both bias and radial Galaxy OTR tyres in the earthmoving segment with immediate effect.
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SEMA cancels 2020 Show
SEMA, the US Specialty Equipment Market Association, has cancelled its 2020 Show, due to take place 3-7 November in Las Vegas. The association said it made the decision due to Covid-19 and concerns that event facilities and services will be unavailable. It was informed by difficulties in preparations arising from “mounting uncertainty” about the show’s status. It added that full refunds for SEMA Show exhibitor booth deposits and attendee registration fees will be issued.
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UK drivers increasingly buying cars online
UK motorists are some of the fastest adopters of online car buying, something that is rapidly becoming the new normal in Britain, Germany and Spain, according to research conducted by online car retailer carwow. A survey of over 1000 consumers who bought a car through carwow since dealerships were allowed to reopen found 54 per cent of recent the company’s customers in the UK said they would continue to do the bulk of their car buying online from now on. In Spain it was 45 per cent and it was 38 per cent in Germany.
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‘Return to form’ for car retailers
July was the first month since the lockdown all dealerships across the UK were able to stay open through the whole month, a fact that is reflected by the uptick in car sales, Sue Robinson, director of the National Franchised Dealers Association (NFDA), said.
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Pirelli expanding all-season tyre range by 22 sizes
Pirelli is set to capitalise on the rising consumer interest in all-season tyres across Europe with an expansion to its range to cover more than 90 per cent of the market. Pirelli will introduce 22 new sizes between 16 and 19 inches in the Cinturato All Season Plus and Scorpion Verde All Season SF product ranges. All of these products are also available with Pirelli’s Seal Inside technology – a puncture protection layer added to the inside of the tyre to help extend mobility in case of damage. Pirelli adds that the new generation of premium all-season tyres has supported growth in the all-season tyre market, which in turn has seen more tyre manufacturers bring out a wider range of products. Tyres & Accessories asked Pirelli UK chairman and CEO Dominic Sandivasci about the latest European market trends, starting with the relationship between winter and all-seaosn tyres.
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