Current Issue

PREMIUM CONTENT FOR SUBSCRIBERS ONLY

Commercial Business Consumer Tires Retail Suppliers Wholesale Distribution

OE tire shipments are WAY up in the first half

Order Reprints

How did tire sales fare in North America in the first half of 2012? According to Groupe Michelin, the results were mixed.

Original equipment shipments were up significantly in the consumer and truck tire segments. OE passenger and light truck tire shipments were up 21% in the first half compared to 1H 2011 (they were up 26% in the second quarter alone).

"The North American market was lifted by record new car sales as buyers replaced aging models," said the company in its first-half 2012 fiscal year results release.

OE truck tire shipments were up 18%. "New truck output exceeded orders during the period in an effort to shorten delivery times."

However, replacement consumer and truck tire shipments in North America were down in the first half.

Demand for replacement passenger and light truck tires declined 3% "in a mixed environment shaped by lower fuel prices, relatively stable average miles traveled, and waning consumer confidence," said Michelin. "Prior year comparatives were high, and growth was impacted by dealer destocking in the first quarter."

Replacement truck tire shipments dropped 5%. "Freight demand remained high in North America, despite a slight slowdown in recent months.

"In this generally favorable environment, replacement markets contracted by 5%, impacted by the strong growth in OE sales, the availability of casings for retreading, and the purchases by large accounts in 2011 ahead of price increases."

Recommended Products

July 2020

August 2020

Related Articles

RMA: Tire shipments are up, up and way up

Bridgestone: Income is down, sales are up in first half

Pirelli profits: up nearly 40% in the first half

Upcoming Events

18 May

The Tire Cologne 2021
Koelnmesse

17 Feb

Tire Industry Association's OTR Tire Conference
Tucson, AZ

16 Aug

18th Annual China International Tire Expo (CITEXPO) -- rescheduled
Shanghai

You must login or register in order to post a comment.