Michelin expects a low-to-mid single-digit drop in first-quarter tire volumes driven by weak original equipment demand. While replacement markets remain steady, softness in China, Europe, and the U.S. continues to weigh on growth.
- Projected low-to-mid single-digit decline in Q1 tire volumes
- Negative demand for passenger cars and light trucks globally
- North American transport tire volumes pressured by high inventories
- Replacement tire demand remains broadly stable
- Weakness noted specifically in China, Europe, and the US
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