ETRMA replacement tyre sales show ‘sequential improvement’ in Q2

The European Tyre and Rubber Manufacturers’ Association (ETRMA) has published its members’ replacement tyre sales figures for the second quarter, and the first half of 2024.

According to secretary general Adam McCarthy, ETRMA replacement tyre sales showed a “sequential improvement” in the second quarter.

“After a negative trend in full year 2023 with -8% in Consumer and -17% in Truck (versus 2022), the evolution in volumes in first half of 2024 improved in Consumer mainly thanks to the All Seasons segment but remained negative in Truck,” he said.

“The second quarter was better than the first quarter, even if the inflationary and the geopolitical context led to a drop in demand and a reduction of inventory levels. Agricultural tyre sales were supported by rainy weather conditions,” McCarthy added.