Michelin provides data and analysis on the Passenger car, Light truck & Bus tire markets. Find the latest updated figures.

Last update:  February 19, 2024

 

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Download the Passenger car, Light truck, Truck & Bus data.

Passenger car & light truck

In Original Equipment, demand is up significantly in North America, driven by the rebuilding of car manufacturers' inventories. In Europe, demand remains positively oriented in the continuation of the end of 2023: in a context of sluggish automotive market, this increase in demand essentially reflects the end of restocking at OEMs. In China, the dynamic market of January is linked to the New Year’s calendar that takes place in February this year instead of January last year.

In Replacement, demand is positive in North America on a favorable basis of comparison, the European market is driven by the build-up of summer tire stocks by Distribution, while activity in China is positively impacted by the New Year’s calendar effect.

January 2024 / 2023

¹Turkey included and Eastern Europe included

YTD (January 2024)

¹Turkey included and Eastern Europe included

Truck & Bus

In Original Equipment, the European and North American markets confirm their expected decline. After three years of continuous growth, demand from manufacturers is slowing in Europe; in North America, demand is on a particularly unfavorable basis as 2023 demand was pulled by new environmental standards that came into effect in January 2024. Conversely, demand in South America rebounded on a very favorable comparative basis following the significant fall in 2023 related to the anti-pollution regulations that came into force in early 2023.

In Replacement, demand is sustained in the Americas, driven in particular by imports of Asian tyres; in Europe, January activity reflects a still sluggish economic context, particularly in Northern Europe

January 2024 / 2023

¹Turkey included and Eastern Europe included

YTD (January 2024)

¹Turkey included and Eastern Europe 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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