Japanese Tyre Output Up in February

(Clacton, U.K./Tyres & Accessories) Tyre output in Japan rose 0.3% year on year in February for the first time in three months, with domestic demand rising 0.5%.

Published: April 6, 2006

Export volumes declined 5.2% year-over-year in February, which fell for the first time in 20 months in January.

Analysts attribute the decline to three main factors: firstly, unusual demand for studless tires, which they believe has led makers to divert output to domestic demand, and which they also believe has now run its course.

The second factor is a shift in production bases to Thailand, Indonesia, and elsewhere in Asia, and reason number three is a weakness in the core North American market, where the demand for replacement tyres fell 5.3% year-over-year in January-February.

Prepare your tire shop for the future

You have an opportunity to capture extra profits and future-proof your business.

By Tire Review Staff

Published: May 3, 2024

Every day, sci-fi movies are looking more like reality. We can access all of human knowledge with our phones, can answer calls from our watches, and ride in self-driving vehicles to get us from point A to B.

The future is here in the automotive world, too. With more aging vehicles on the road and owners wanting to maximize service life, demand for vehicle repairs is rising. This presents an opportunity for tire dealers to capture extra profits and future-proof their businesses amid changes coming to the automotive industry. Are you “future-proofed” and ready to face the realities of a new world?