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ETRMA highlights pandemic’s negative impact on European tyres sales

The European Tyre and Rubber Manufacturers’ Association (ETRMA) has today published its members’ European tyre sales for the third quarter of 2020.

It says the figures “confirm the strong impact of the Covid-19 pandemic delivering worrying sales results for the industry”.

The second quarter of 2020 had already showed an evident slowdown of sales brought by Covid, but the full effect has become even more evident in this third quarter where all the product lines remain affected by the current crisis, specially affected in consumer and two wheels segments.

ETRMA expects demand for passenger vehicle tyres to fall as Covid-19 is limiting transit demand, while authorities in several EU states are asking their citizens to limit contacts and movement.

After the lowest point was touched in May, ETRMA says there are positive signs for a Q3 better than last year in the truck, Moto/scooter and Agriculture vehicle segments

Fazilet Cinaralp, secretary general of ETRMA commented: “As the numbers show, the crisis is hitting our industry quite heavily and the situation is not improving. The consumer sector is the more affected with a 14.4 per cent decrease compared to Q3 2019 in the tyres replacement market and a significant 30.4 per cent decrease in the original equipment tyres request.

“While we hope that the pandemic situation will improve, we also underline the urgent need to find the most suitable measures to support the tyre industry in order to preserve jobs in the sector.

“Outlook for the end of the year remains gloomy and with a double-digit drop in sales expected across all segments.”