Last update:  June 16, 2022

 

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Download the Passenger car, Light truck, Truck & Bus data from 2015 to today.

Passenger car & light truck

In May 2022, the global Original Equipment business is at its May 2021 level, but on contrasted comparisons basis. In Europe and North America, demand is strongly rebounding on the month on very favorable comparisons, due to a month of May 2021 particularly impacted by the semi-conductors shortage. Demand in China, although significantly increasing compared to April, is still heavily penalized by production disruptions due to the health crisis. In Replacement, outside of China where mobility restrictions weighed heavily on the month, the European market remains well oriented, while the North American market, on tougher comparisons versus 2021 (replenishment of retail stocks when exiting the health crisis), remains higher than its 2019 level

May 2022 / 2021

¹Turkey included

YTD (May 2022)

¹Turkey included

Truck & Bus

In May 2022, global Original Equipment demand continued to be penalized by weak demand in China, which continued as expected (a very high H1 2021 baseline linked to the implementation of the China 6 standard in July 2021). Outside China, the Original Equipment and Replacement markets continued to be driven by economic activity in line with previous months, and are globally higher than their 2019 levels. In North America, the Original Equipment market is strongly increasing on a favorable comparison basis, with manufacturers who were more constrained in their capacity to produce in the second quarter of 2021 than today.

May 2022 / 2021

¹Turkey included

YTD (May 2022)

¹Turkey included

Methodological note

Tire market estimates reflect sell-in data published by local tiremaker associations, plus Michelin’s own estimates of sales by tire manufacturers that do not belong to any association. These estimates are based primarily on import-export statistics and are expressed in the number of tires sold. They are regularly adjusted and may be updated following their initial publication.

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