May Figures Show Continued European Market Decline
The ETRMA reports that in May the overall European replacement tyre market declined for the 14th consecutive month. In terms of segment demand, truck tyre sales between January and May dropped 32 per cent compared with the same period last year, and the ETRMA notes that May’s 24 per cent decline “confirms the strong deterioration of tyre demand.” According to Europool figures, approximately 600,000 truck tyres were sold Europe-wide during the course of the month.
European passenger car tyre sales decreased eight per cent during the January to May period, and decreased nine per cent in May to around 12 million units. The UK market suffered a much greater drop during the month, declining 26 per cent in May.