Weak performance of the European tyre market in Q1

Replacement tyre sales across Europe slumped in Q1 according to figures just released by the European Tyre and Rubber Manufacturers’ Association (ETRMA).

The ETRMA figures show that the market for consumer tyres (Car & 4×4) fell by 12 per cent, due to, amongst other factors, bad weather conditions, delay of the 
change from winter to summer tyres, and not least the current economic environment.

The truck tyre market fell by 1 per cent, coming off a very low starting point, accoring to the ETRMA.