BRUSSELS — Demand for tires throughout Europe fell by double digits in nearly all product categories in the first three months of 2020, reflecting the impact of the COVID-19 pandemic on business, the European Tyre & Rubber Manufacturers' Association (ETRMA) reported.
In its latest quarterly analysis, the ETRMA said member companies' sales across all categories "dropped drastically" as COVID forced strict lockdown measures across Europe.
The largest sector, replacement consumer (passenger and light truck) tires, was off 12.8% for the quarter to 48 million units; shipments were off 26.4% in March alone, the ETRMA data show.
The truck tire aftermarket fared the best among the categories tracked, with shipments falling "just" 5.6% to 2.83 million units; the drop in March was 15.1%.
In addition, shipments of agricultural tires fell 12.8% in the quarter to 312,000 units and demand for two-wheel tires dropped 21% to 3.5 million units.