Michelin data shows tyre market growth in July

ERJ staff report (DS)

Paris - Michelin has updated its website with tyre market data for the month of July. The latest figures are slightly different from the data supplied by Pirelli yesterday.

In the OE truck tyre segment, every market in the world rose in the month of July and for the fourth consecutive month, every market rose in the year to date. The site gives only percentage changes, not absolute numbers.

The year so far saw 33.3 percent growth in European OE truck sales strengthening the growth seen last month. July's sales actually grew by a remarkable 74.0 percent year on year. The steady improvement in North American truck OE sales continued, with sales in the first seven months up by 25.1 percent, though the growth in July was stronger, at 32.9 percent.

The Brazilian market's sharp recovery also continued in July. The year to date showed growth of 59.3 percent, with the July figures up by 66.1 percent. Japan's markets continue to show strong growth, with sales in the year to date running at almost double (91.4 percent growth) the same period in 2009, though there are signs the strength of the recovery is easing. Compared to last July, sales were up by a just 42.4 percent. China saw stronger OE sales in July, giving strong impetus to the steady recovery so far this year, with OE sales up by 57.9 percent in the year to date, following a 27.3 percent improvement in the month of July.

Truck replacement tyres in July showed universal growth, as volumes increased around the world, albeit at slightly slower pace than the last few months. European truck tyre markets grew by 26.3 percent in the first seven months, and by 13.3 percent in July. North America grew by 20.5 percent in the year to July, with an increase of 14.3 percent in the year-on-year figure.

In Brazil, a strong year-on-year increase of 40.3 percent brought the seven-month figure to a healthy 34.5 percent growth. The steady recovery in Japanese replacement truck tyre sales continued in July, up by 12.3 percent in the year to date and up by 5.8 percent in the month of July. China sales for the month grew by 7.7 percent in July, making sales in the first seven months 11.1 percent higher than a year before.

The OE car business continues to grow from last year's poor figures. Michelin said the total European OE market for car tyres in the seven months to July 2010 was up by 21.4 percent, while the year-on-year figure for July eased once more to an 1.1 percent increase. The North American market also grew strongly over a depressed market a year ago, with the equivalent figures showing an increase of 67.6 percent for the seven-month period and a year-on-year increase in July of 39.4 percent.

China's OE demand was up by a massive 42.4 percent in the year to date although the increase in July was just 0.8 percent.

In the replacement business, the steady growth in Europe continued. In July the seven-month figures showed a growth of 9.1 percent with the one-month figure showing 5.1 percent growth. In North America, the replacement market grew by 6.9 percent in the first seven months, but an decrease of 3.5 percent in the most recent month indicates a slow-down. Chinese replacement sales continued to grow, showing growth of 18.1 percent in the year to date helped by an increase of 22.2 percent in the most recent month.

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Press release from Michelin