In August 2023, there was a consistent uptick in the sales of light vehicles globally, marking the sixth consecutive month of growth. These sales surged by 9.6% when compared to the same period the previous year, reaching a total of 7.3 million units. Furthermore, when we consider the period from January to August, cumulative sales…
On September 18th, the General Administration of Customs published tire export data for the month of August 2023. The data reveals that China experienced year-on-year increases in both tire export volume and export value, although there was a decline in these figures when compared to the previous month. However, the cumulative growth data for the…
Triangle Tire's recent financial report for the first half of the year, released on August 29, shows impressive growth. Their operating income reached 5.19 billion yuan, marking a 21.5% increase compared to the previous year. Additionally, the net profit attributable to shareholders of listed companies soared to 610 million yuan, reflecting a remarkable 180% year-on-year…
Global Tire Industry
In a remarkable trajectory, the global tire market has been accelerating up to a trillion-dollar industry. Over the past decade, tire consumption has increased from 1.483 billion units in 2011 to a staggering 1.749 billion units in 2022.
Remarkably, the Asia-Pacific region emerges as the tire production powerhouse, with China at the…
TBR tire factories marketing policy in early July:
In July, most truck and bus tire factories took a wait-and-see attitude, and the price policy generally remained stable. Only a small number of factories adjusted their promotion policies appropriately according to the sales situation. Details are as follows;
Price increase/tightening promotion: Bridgestone cancels the original 1.3%-1.6% discount…
Looking at the global tire market, the United States is undoubtedly the largest demand country outside China. The number of cars in the United States is about 270 million, and there are 84 cars per 100 people. According to the American Tire Manufacturers Association, the total tire deliveries in the United States will reach 334.2…
On May 15th, the 13th China (Guangrao) International Rubber Tyre and Auto Parts Exhibition opened. Double Star grandly launched the "black technology" in the tyre industry - "ADDPOWER" wheel. It is understood that the "ADDPOWER" wheel has 7+26 invention patents worldwide, overturning the 178-year history of "tire + rim”.
The "ADDPOWER" wheel does not need…
Pirelli's sales and profits both skyrocketed
Tire Business On May 11, 2023, Pirelli announced its financial report for the first quarter of 2023. In the first quarter of 2023, Pirelli's sales reached 1.7 billion euros (about 12.9 billion yuan), a year-on-year increase of about 12%; net profit reached 115 million euros (about 872 million yuan),…
Zhongce Rubber
Relying on its strong strength, Zhongce Rubber has surpassed many foreign-funded tire companies, ranking 8th among global tire companies in 2022, and ranking first among Chinese tire companies. Zhongce Rubber is most praised for its extraordinary strength in all-steel tires. Whether at home or abroad, Zhongce Rubber’s Chaoyang, West Lake, Goodride, Trazano, etc.…
Crude Oil Futures
Last week, U.S. gasoline inventories unexpectedly increased by 1.7 million tons month-on-month, and international oil prices fell sharply one after another. Although there was a rebound last Friday, they still fell significantly for the week. Among them, New York crude oil futures fell 7.09%, and Brent crude oil futures fell 5.33%. In…
Winter tires are made of a different rubber compound that provides extra grip to the vehicle. The main focus of winter tires is to improve the grip and reduce the vehicle speed and prevent it from slipping on snowy and icy roads. The traction is improved because it has deeper grooves and sharp irregular edges.…
