PARIS (Nov. 16, 2011)—The original equipment market for consumer and commercial tires showed double-digit grow during October, but the aftermarket for both tire segments declined, according to Michelin.
Replacement consumer tires grew in Europe and Brazil, the French tire maker also said in its monthly estimate of tire trends. Michelin gives percentages, not actual shipment, of tires in several markets.
The company reported consumer tire shipments grew 11.2 percent in October and 6.8 percent for the year-to-date in North America. Truck tire sales jumped 63.8 percent in October and advanced 59.7 percent for the January-October period.
Aftermarket consumer tire sales fell 3.5 percent in North America during October, Michelin said. In the January-October period, the market is down 0.6 percent from the year-ago figure.
Truck tire replacement sales declined 7.4 percent in North America in October, but the year-to-date total is 8 percent ahead of 2010.
In other key markets, Michelin noted replacement consumer tire sales grew 3.8 percent in Europe and 13.4 percent in Brazil in October. Year-to-date sales are up 7.9 and 5.1 percent, respectively, in Europe and Brazil.
Replacement commercial tire sales in October fell 8.1 percent in Brazil and 6.8 percent in Europe, Michelin said, but year-to-date shipments in both areas continued to outpace those in 2010 by comfortable margins.
Sales of OE passenger car and light truck tires increased 2.5 percent in Europe but fell 5.6 percent in Brazil in October. In the heavy truck business, OE sales grew 10 percent in Brazil and 9.8 percent in Europe.