Source: Pirelli internal estimates based on third party data
KEY TRENDS IN 2H TYRE MARKET DEMAND
Assuming no 2nd wave of COVID
- O.E.: down double digit in line with car production;
- Repl.: down high single digit, with still a weak 3Q (slow Winter in EU and still low miles driven in US).
High Value Regions
- APac: down mid-single digit (China rebound counterbalanced by other countries); positive Repl. ≥18”;
- EU: down double digit in both channels;
- NA: repl. down double digit, faster recovery in O.E.
- LatAm and Russia: down double digit, mainly in O.E.