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Thursday, October 14, 2021

European Tyre Replacement Sales Q3-2021 Registered Lower Volumes

European Tyre Replacement Sales Q3-2021 Registered Lower Volumes

the European Tyre and Rubber Manufacturers’ Association published its members’ replacement tyres sales data for Europe for the third quarter 2021.

All segments are either flat, like consumer tyres and truck tyres, or negative, with a -16% registered by the agricultural sector. The consumer segment recorded a 20% increase in all-season tyres and an 11% decrease in the summer car tyres, while winter tyres remain stable.

The replacement truck tyres segment turned out to be more dynamic. If we look at the market evolution, we can observe an increase of 2% compared to 2019, thanks to the economic recovery, which was higher than expected, and to the positive stock replenishment activity. However comparing Q3 2021 data to Q3 2020, we attest a -1% in the numbers.

“Like in 2020, the main story in 2021 remains strong growth in the all-season segment, despite the overall decline in the market. The data also shows that this beginning of recovery is not yet consolidated for our sector. We hope that the upcoming months will show a more positive trend”, said Mrs Fazilet Cinaralp, ETRMA’s Secretary General.

Source: Tyretradenews

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