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You are here: Home1 / MARKET DATA

MARKET DATA

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Tyre sales down, but not as much as feared – GfK

Company News, International News, Premium, UK News

5 November saw the inaugural virtual Tyre Industry Conference, with Tyres & Accessories bringing the traditional annual conference into the virtual arena due to Covid-19 restrictions. Produced in association with the NTDA and supported by Cam Systems, our expert panel was comprised of James Ward, senior insight manager, GfK; Andrea Manenti, VP north region, Bridgestone; and Pravesh Amtha, sales general manager Consumer UK&I, Goodyear. The wide-ranging 45-minute conversation covered a lot of bases, but the first session, which was designed to focus on the new tyre market’s recent trends and statistics began with a presentation from James Ward.

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Related news:

  1. Four out of five consumers changing tyre shopping behaviour
  2. 2018 UK truck tyre market data overview
  3. 4×4 tyre sales down 6%
  4. Goodyear’s European motorsport renaissance continues despite pandemic challenges
23rd November 2020/by Chris

Falken Tire takes pole position in 2020 global social media ranking

Company News, International News, Premium
Gerd Altman; Pixabay

As Tyres & Accessories annual global social media ranking enters its seventh edition, this year there is a new winner. Last year’s champion, Pirelli, has fallen two places to third position. At the same time, Sumitomo Rubber Industries’ Falken brand rose an impressive eight positions to take the top spot. And Pirelli wasn’t the only well-known name to downshift, with two other brands taking retrograde steps. At the same time, in a reflection of what has taken place in the UK-only ranking, the top 10 has a new entry, with previously 10th-ranked MRF being overtaken by another large Indian tyremaker.

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Related news:

  1. Michelin tops 2020 UK social media ranking, Davanti enters top 10
  2. Pirelli leading global social media tyre brand 2015
  3. Pirelli regains global social media crown
  4. Michelin takes global social media double
14th October 2020/by Chris

Online tyre prices went up as lockdown bit

Company News, International News, Premium
Peter Linforth; Pixabay

In October’s magazine, Tyres & Accessories takes a closer look at the latest developments in the multifaceted online tyre business. This article specifically looks at online tyre buying and pricing in conjunction with tyre pricing and selling-way data specialists Encircle Marketing. However, this is just one dimension in the online tyre business. In addition to online tyre retail, there is also the question of online marketing, an area in which social networks are playing an increasing important role (see separate article for further details). And on top of this, there is the electronic infrastructure necessary for the tyre business to participate – beginning with increasingly smart web sites and going onto integrated pricing and marketing tools.

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Related news:

  1. Tirescanner sales up 150% year-to-date
  2. Wide variation in prices achieved by different brands and platforms online
  3. Goodyear steps up tyre retail involvement with new UK digital platform
  4. Michelin tops 2020 UK social media ranking, Davanti enters top 10
14th October 2020/by Chris

Michelin tops 2020 UK social media ranking, Davanti enters top 10

International News, Premium, UK News
Photo Mix; Pixabay

For the fourth year in a row, Michelin can be found at the top of Tyres & Accessories’ 2020 UK social media ranking. Indeed, such is Michelin’s dominance in the annual table, only Goodyear (in 2012) and Dunlop (in 2016) have done enough to overtake the UK arm of the French tyre brand since our research began in 2011. In both cases, Michelin still managed to take second place.

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Related news:

  1. Michelin takes global social media double
  2. Falken Tire takes pole position in 2020 global social media ranking
  3. Cooper tops global social media ranking
  4. Pirelli leading global social media tyre brand 2015
14th October 2020/by Chris

How the increasingly online tyre business reacted before, during and after lockdown

Company News, UK News
Peter Linforth; Pixabay

On 3 September Amazon said it will create an extra 7,000 UK jobs this year to meet growing demand. Prior to this, the online retail giant had already added 3,000 roles in 2020. So, by the end of the year, it will have created a total of 10,000 new jobs. At the same time, the company has increased its involvement with the tyre market. While online tyre retail is about far more than Amazon, the news reflects increased demand both for online ordering in general and for online tyre sales in particular. But it is not just Amazon that has noticed this trend. Speaking during a webinar in June, GfK analysts highlighted how online tyre buying is increasing as a function of lockdown and the increased take-up of online shopping in general. Their thesis? More tyres will be sold online and the budget tyre sector will be the beneficiary.

Tyres & Accessories logoThis article, including three charts support the analysis, appears in full in the October edition of Tyres & Accessories. Not yet a subscriber? You can change that here.

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Related news:

  1. Encircle Marketing launches new website and reporting centre
  2. UK car drivers increasingly interested in all-season tyres
  3. UK social media ranking: Michelin continues to lead, but several changes and one new entry into top 10
  4. Martins Industries launches new tyre equipment web site
1st October 2020/by Chris

18 and 19-inch 4×4 tyres sizes experience price recovery

Premium, Product News, UK News
Encircle Marketing

4×4 tyre sales may have fallen due to the effects of coronavirus and lockdown, but prices in certain key sizes are actually higher than they were before those challenges presented themselves at the start of the year. Tyres & Accessories spoke to tyre market and pricing data experts Encircle Marketing in order to learn the details.

When you break the data down by size, a number of interesting trends are immediately identifiable. Firstly, there was a clear pre-lockdown price fall in February. The average price of a 255/55 R19 V tyre, for example, fell almost £6 from £138.10 to £132.86 between January and February. However, the average price of this size recovered to a point higher than the January starting point in March (£138.90).

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Related news:

  1. SUV tyre prices in the corona context: Channel makes more difference than brand
  2. UHP tyre prices recovering…
  3. All-season tyre prices continue to grow, winter prices flatten
  4. Some all-season 4×4 tyre sales growing despite lockdown
16th September 2020/by Chris

Some all-season 4×4 tyre sales growing despite lockdown

Product News, UK News
Dariusz Sakowski; Pixabay

The latest data might show that 4×4 replacement tyre sales are down 6 per cent, however Tyres & Accessories asked market analysts GfK how past trends compare with current realities and found: 4×4 tyres have been hit by the effects of the Covid-19 pandemic, but far less than most other segments. At the same time, the all-season 4×4 tyre sub-segment witnessed some examples of positive growth.

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Related news:

  1. Tyre sell-out up 4% overall, value tyre sales growth outpaces premium 4:1
  2. SUV tyres continue to drive 4×4 tyre sales growth
  3. 4×4 tyre sales remain strong, but SUV sub-segment growing twice as fast
  4. All-season tyre growth, especially for premium brands – GfK
15th September 2020/by Chris

4×4 tyre sales down 6%

Premium, UK News
Dariusz Sakowski; Pixabay

4×4 retail tyre sales have long been a growth area and the UK market constitutes one of the leading lights in Europe. More recent growth has been driven by similarly strong SUV vehicle sales as well as consumer switches towards all-season products. At the same time, more practical and off-road-orientated vehicles have also been supporting 4×4 tyre sales.

Tyres & Accessories logoThis article will appear in full in the September edition of Tyres & Accessories. Not yet a subscriber? You can change that here.

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Related news:

  1. The increasingly high-value UK tyre replacement market
  2. Tyre sell-out up 4% overall, value tyre sales growth outpaces premium 4:1
  3. Have the truck tyre import tariffs ‘worked’?
  4. Tyre sales down, but not as much as feared – GfK
7th September 2020/by Chris

Global light vehicle market continues recovery

International News, UK News

The global light vehicle market continued its post-corona recovery in June, market analysts report. Global light vehicle sales fell by 19.1 per cent in June, year-on-year, to 6.2 million for a seasonally adjusted annualised running rate (SAAR) of 73.1 million in the month, according to GlobalData.

Calum MacRae, Automotive Analyst at GlobalData, comments: “While these results are some way behind industry norms, they do demonstrate that the global market has recovered from its April low when a SAAR of 48.2 million was registered.”

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Related news:

  1. ETRMA tyre sales up 2-3 per cent
  2. Nissan Sunderland plant uncertainties remind us of Brexit risks – GlobalData
  3. The year of disruption?
  4. NFDA, DWF, KPMG, Global Data and SMMT reactions to 2019 car registration figures
22nd July 2020/by Chris

MOTs worth £177 million a year in UK tyre sales

UK News
Autotech

Together, the increased utilisation of independent contractors on the supply side and record online search figures on the demand side show that MOT testing is booming. Considering that MOTs were put on hold for roughly four-and-a-half months between March and August (let’s not even mention the Northern Ireland MOT crisis), this is good news. Word of a coming MOT spike will be warmly welcomed by the tyre and aftermarket associations that lobbied government for the end of the MOT extension on both road safety and economic grounds. But what exactly does the apparent boom look like? And why does it matter to the tyre trade?

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Related news:

  1. Still going strong: 4×4 tyres continue to overcome obstacles
  2. MOT test demand set to spike in 2019
  3. MOT exemption starts on 30 March 2020
  4. NTDA: MOTs are central to vehicle safety
9th July 2020/by Chris

How the UK aftermarket is enduring Brexit and lockdown weather

Premium, UK News
Perfect Storm? How the UK aftermarket is enduring the Brexit and lockdown weather (Photo: Herbert Santos; Pexels)Herbert Santos; Pexels

The last time Tyres & Accessories took a close look at the aftermarket sector back in July 2019, we took the optimistic view that the UK aftermarket space would be able to weather the Brexit storm. Of course, back then Brexit and trans-Atlantic trade wars were the most significant pressures on aftermarket parts segment. Now, however, things are considerably more complex and unpredictable. So, in this analysis we examine the most recent pre-lockdown data as well the latest mid-lockdown information in order to answer the question: is the UK aftermarket still weathering the storm?

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Related news:

  1. Tyre dominance in overall aftermarket beginning to diminish
  2. MOTs worth £177 million a year in UK tyre sales
  3. All-new policy?
  4. Long-term trend shows winter tyres receding, all-season rising in UK
22nd June 2020/by Chris

Global car tyre demand to contract 20-30 per cent in 2020 – GfK

International News, UK News
GfK

On the morning of 10 June 2020, well-respected market analysts GfK hosted an webinar for north of 170 European tyre executives. Overall, the “Global Car Tyre Market Overview” presentation concluded that, while there are many variables and unknowns, retail tyre demand in 2020 market is likely to be down 20-30 per cent compared with 2019.

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Related news:

  1. Tyre demand declining 15 to 26 per cent in 2020
  2. Car tyre market growing in [rim] size
  3. The increasingly high-value UK tyre replacement market
  4. UK car drivers increasingly interested in all-season tyres
10th June 2020/by Chris

Looking forward to recovery – be it L, U or V-shaped

Editorial/Comment
Anna; Pexels

Last month this column considered the range of 2020 market projections that existed. In short, as the column concluded, the consensus is that tyre demand will decline somewhere between 15 and 26 per cent during the course of this year. However, such a conclusion may also be on the conservative side. Certainly, when you talk with tyre wholesalers and distributors on the ground, some of those that didn’t opt to close their doors for a few weeks experienced even more marked declines in the short-term. Reports of tyre shops running on demand 70 to 75 per cent less than pre-lockdown levels are not uncommon. And yet, as lockdown eases across various UK and European markets – as well as beyond – the focus is quite rightly shifting to recovery.

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Related news:

  1. The tyre business is keeping countries rolling
  2. Tyre demand declining 15 to 26 per cent in 2020
  3. SD International: Zeta, Pace and Toledo brands still available
  4. More than half of UK garages closed, similar figures across Europe
29th May 2020/by Chris

Tyre demand declining 15 to 26 per cent in 2020

Company News, Editorial/Comment, Market Info, News, UK News
Tyre demand decline predictionsenergepic.com; Pexels

Things are changing so quickly at the moment that most analyses end up little more than speculation two weeks later. That’s why Tyrepress contains both the latest news and seeks to set such developments into their medium- and long-term contexts. Take our Tyre Retail coverage for example (see “2020 UK tyre retail ranking” and “Which garages are open during lockdown“) where we list both the current proportions of open tyre retailers and analyse the overall UK tyre retail landscape in its seven-year context.

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Related news:

  1. Michelin temporarily closes some European factories, car tyre demand down 9%
  2. The tyre business is keeping countries rolling
  3. Michelin the number one consumer researched tyre brand: Tyre Reviews
  4. Micheldever/Protyre moves up to fourth, Lodge Tyres jumps in retail rankings
29th April 2020/by Chris

More than half of UK garages closed, similar figures across Europe

International News, UK News
GiPA Europe garage lockdown data

Research conducted by aftermarket analysts GiPA during the week commencing 30 March 2020 found that 53 per cent of workshops were closed.

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Related news:

  1. Garages to remain open despite lockdown
  2. Will tyre dealers stay open in a lockdown?
  3. Motor Ombudsman upgrades knowledge base to include Covid-19
  4. Two-thirds British workshops open – GiPA garage survey
17th April 2020/by Chris
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