The European Tyre and Rubber Manufacturers’ Association (ETRMA) published its members’ Q1 2024 replacement tyre sales figures, showing negative figures.
General Inflationary Context
Adam McCarthy, ETRMA’s Secretary General, said, “The general inflationary context continues to affect the demand in all tyre product lines. The evolution of the truck and bus segments remains negative (-8%) versus the first quarter of 2023, as for moto tyres (-6%).”
“For the consumer segment, we continue to witness the recovery that started in the last quarter of 2023, primarily driven by winter tyre sales. However, the whole segment is 2% below Q1 2019, before the COVID-19 crisis,” McCarthy concluded when explaining the replacement tyre sales decline.
