Tire production fell by almost 19% in the second quarter
The production of passenger car tires in the Russian Federation in the second quarter decreased by 18.9% year-on-year, to 7.39 million units, according to data from the CRPT (the operator of the Honest Sign marking system). Compared to the first quarter, a decrease of 10.5% was also recorded. In June, according to the CRPT, tire production volumes showed the lowest results since at least January 2024.
Cordiant CEO Vadim Volodin said that manufacturers expect a decrease in sales in the upcoming winter season due to a significant reduction in the sale of new cars. According to Avtostat, in January-July, the market for new passenger cars fell by 24%, to 651 thousand units.
According to the CRPT, retail sales of passenger car tires in the Russian Federation in the second quarter in money terms decreased by 14.6% year-on-year, to 32.06 billion rubles. Compared to the first quarter, the indicator grew by 35.4%. According to a Kommersant source, "most likely, good discounts were given on tires, including to unload warehouses." According to CRPT, average weighted prices for passenger car tires in the second quarter decreased by 4.3% quarter-on-quarter, to 6,770 rubles. This is 13.6% more than a year earlier. According to Ikon Tyres, in units in the first half of the year, the passenger car tire market fell by almost 14%, while the company's sales grew by 1.2%.
