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Thursday, January 20, 2022

Michelin shows uptick for N.A. passenger car tire demand

Michelin shows uptick for N.A. passenger car tire demandPARIS—Michelin said tire demand was fairly strong in North America in October.

North American original equipment passenger tire demand increased 16 percent in October compared with the same month a year earlier, and 18 percent higher for the first 10 months of the year.

Aftermarket car tire sales grew by 6 percent in October, and are down 2 percent for the year-to-date.

The tire maker—which gives only percentage changes in a Website report—said North American OE truck tire markets rose 6 percent for the year-to-date, but fell 14 percent in October compared to the same month a year earlier. Aftermarket sales are down 2 percent year-to-date but up 6 percent on a monthly basis.

Source: Tire Business

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