According to information published by Pirelli and based upon regional association and third-party data, the European car tyre market grew six per cent year-on-year in May 2018. Overall growth occurred courtesy of strong performance within the aftermarket, which during the month was ten per cent higher than a year earlier; the market for 18-inch and larger sizes were up 20 per cent. The original equipment market in Europe declined five per cent year-on-year in May.
Global markets and tyre markets interact with each other. With economics and indeed the tyre market being more “global” than ever, events in one market are bound to have a greater impact on other markets than ever. And with Europe having experienced its share of political and especially economic instability in the last decade, while […]