Slow second quarter, but still mostly positive half a year

Date

17 Jul 2017

Press release

Brussels, 14 July 2017 – The European Tyre and Rubber Manufacturers’ Association published today tyre replacements sales of its Members for the first half of 2017.

The second quarter of 2017 slowed down significantly compared to the first three months of the year, with a negative performance for all segments, and particularly in the consumer segment.

When looking at the first six months, only a slight flexion can be seen for consumer tyres and agricultural tyre, whilst the other segments remain positive – and even significantly so, when looking at truck tyres (+7%).

 

For further information, please contact Marta Conti, Communication Manager

 

ETRMA’s membership include the following tyre manufacturers: APOLLO VREDESTEIN, BRIDGESTONE EUROPE, BRISA, COOPER TIRES, CONTINENTAL, GOODYEAR DUNLOP TIRES EUROPE, HANKOOK, MARANGONI, MICHELIN, NOKIAN TYRES, PIRELLI AND TRELLEBORG WHEEL SYSTEMS. Furthermore, members include Associations in the following countries: Belgium, Finland, France, Germany, Hungary, Italy, the Netherlands, Poland, Spain and the UK. The industry provides direct employment for more than 350,000 people in the EU and supports another 800000 jobs in related sectors. ETRMA members’ turnover in 2015 is estimated at € 41 b, of which up to 5% continues to be invested in R&D, annually.