Michelin expects dip in car tire demand this year

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Clermont-Ferrand, France – Groupe Michelin expects passenger car & light truck tire markets to decline by 1% year-on-year for the full year 2019.

A modest 1% growth is anticipated in the replacement segment, the company said in its quarterly report 25 July.

This, however, will fail to offset an expected 4.4% contraction in the OE segment, the French tire maker added.

Michelin also anticipates that the truck tire markets will decline more quickly in the second half, to end the year down 2%.

Read the source article at European Rubber Journal