European OE tyre sales down -18 to -23% in 2020 – ETRMA
Car tyre retail sales were said to have been hit by a -12 per cent decline during 2020, made up of -20 per cent in the winter car tyre business and -13 per cent in the car summer tyre market (Source: ETRMA)
The European Tyre and Rubber Manufacturers’ Association (ETRMA) published its members’ sales for the year 2020 as well as the last quarter of 2020, reporting that Covid 19 “strong affected” the market. The Original Equipment (OE) segments were said to have been “most strongly affected”, recording reductions of -23 per cent in the consumer tyre business and -18 per cent in truck tyres. That much is logical in light of the widespread closure of vehicle manufacturing under pandemic-related lockdown conditions across Europe during 2020.
BASF
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