Tire industry sales grew in October

By Redação AutoIndústria | Translated by Jorge Meditsch

Thanks to a 4.6% growth in sales for manufacturers and 3.4% for the replacement market, tire manufacturers closed October with a 3.7% growth over September. A report released this Wednesday, 11/23, by Anip, the national tire industry association, shows that the business reached 4.94 million and 4.76 million units, respectively.

The cargo segment, which faces unfair competition from imported products, was the only one with a negative performance, 5.1%, compared to the previous month. According to the association, in this case, the fall in the replacement market was 8.4%. The organization is trying to revert a January 2021 federal government decision zeroing import taxes for truck tires.

Anip’s executive president, Klaus Curt Müller, said the slight increase in October does not reflect the yearly results, which shall close with near-zero growth. “Cargo tire imports are still affecting the national industry’s result. It is an unfair competition that may cause more impacts next year if the government does not cancel the zero rate”.

The sector sales reached 47.82 million tires from January through October, with a small 0.3% growth over the same period in 2021. ‘This small variation is explained by the sales for automotive manufacturers, which keep in a recovery trajectory”, complements Anip’s president.