The third quarter of 2016 showed decreased numbers in terms of tyre replacement sales of the members of the European Tyre and Rubber Manufacturers’ Association (ETRMA), according to the latest data published by the organisation.
The decrease in the 2016 3rd quarter figures resulted in tamer cumulative data from the beginning of the year. The worst results were in the truck and agricultural tyre segments where sales dropped by 3% and 4%, respectively.
The first nine months of 2016 show positive growth in the consumer and truck segments compared to the same period last year. But this growth has been almost completely eroded by the bad results of the latest months.
Commenting on the latest figures, ETRMA Secretary General Fazilet Cinaralp, said: “The outlook for end of year results looks grimmer than it did after the first quarter, but a lot hangs on the results of October, usually one of the most tale telling months of the year.”