Michelin tires Sales of truck tires for Michelin tires fell by 3% during the quarter due to a decrease in sales in the United States original market and sales in the Asian replacement market. In the same period, sales of tires for passenger cars and light commercial vehicles rose by 2% year-on-year (excluding the Russian and Brazilian markets), with sales of 2.96 billion euros, down 0.5%.
In the first half of 2016, the performance of Michelin tires rose linearly. By the third quarter, its sales volume increased by 1.4 percentage points, which was slower than in the first half of the year. In the two-wheel tire market and commercial aircraft tires, Michelin's development momentum has been very good, but sales of engineering tires and agricultural tires are not very satisfactory. For the first three months of September 30, sales of these types of tires were 682 million euros, a decrease of 5.9% year-on-year.
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