In addition to being the strongest brand globally, according to Brand Finance, Michelin has been named the world’s most valuable tyre brand for the third year in a row. However, the gap between first position and second-placed Bridgestone narrowed, meaning the Japanese tyre manufacturer is well-placed to regain pole.
A year after we predicted that car tyre prices would rise during 2017 as part of last year’s car tyre feature, the latest data provided by tyre market research specialists Encircle Marketing shows that prices are indeed recovering. However, while tyre prices recovered to 2016 levels during 2017, there is still some way to go before average prices reach 2015 levels. Encircle’s latest figures examine the shape of the traditional tyre retail market and the online tyre market.
At the start of a new year it is customary to take stock of the previous year and look forward to the next 12 months. This was something we at Tyres & Accessories did with online readership figures in January and found that our you love tyre test coverage first and foremost. But this wasn’t the only subject being read. Coverage of various countries’ decisions to ban combustion engines during the next decade or two was a top story on tyrepress.com last year, and it was also talk of the wider automotive industry.
Poland’s electromobility market is ripe for growth. Favourable government initiatives such as the Electromobility Plan and Electromobility and Alternative Fuels Act are reshaping local mobility and igniting innovative clean technologies to achieve higher competitiveness and energy optimization. Growth will be augmented by consumer incentives and the simultaneous development of infrastructure, energy distribution, and product offerings. Players should look for opportunities in charging point infrastructure development, automotive supply chain transformation, and public transport modernisation to gain a competitive advantage.
On 23 January the European Tyre and Rubber Manufacturers’ Association published its members’ sales for the year 2016 and the last quarter of 2016.
Consumer tyres were up 2 per cent in 2016 – despite minor fluctuations during the third quarter and with a strong performance in the last quarter (+4%). OE consumer tyres sales followed the performance of new car registrations, albeit it more slowly, rising 3 per cent.
New data produced by Smithers Rapra suggests the carbon black market has grown at an average of 5.4 per cent during the period between 2011 and 2015. As a results demand reached 13 million tons in 2015. To put this figure into context, global demand for carbon black was estimated at 10.7 million tons in 2011 – and this figure is said to represent “a good recovery” from the 15 per cent contraction between 2008 and 2009.
The UK automotive industry could suffer the double-blow of declining vehicle sales and declining manufacturing after its exit from the European Union. According to GfK, while new registrations grew from 1.9 million to 2.6 million between 2011 and 2015 (DVLA), the news of Brexit has had a strong impact on the long-running GfK Consumer Confidence Index. The latest figures show an 8 point decline since the June survey, and a fall of 12.8 versus the rolling 12 month average in December 2015.
While ChemChina’s deal with Camfin to take over Pirelli officially got under way this month, not everyone connected to the economy in the People’s Republic was looking so positive. The stock market has been in freefall and industrial production looks to have taken a big hit. The Chinese state’s answer? To devalue the national currency (the yuan renminbi or RMB) three times in a week and make already cheap Chinese exports even cheaper.