GfK+2023亚太地区轮胎市场趋势及洞察分析

Your

picture

Japan

YusakuYamagata

GfKJapan

LifestyleAutomotiveSeniorManager

March2023©GfK1

-0.2%

ConsumerPriceIndex

NewCarSales

5

4

3

2

1

JapanMarketOverview

-GDPwasflat,butconsumerpriceindexincreasedin2022.

-Newcarsaleshavedeclinedsince2019.

10% 8% 6% 4% 2% 0% -2% -4% -6% -8%-10%

GDP

(GrowthRatefromPreviousQuarter)

Q1Q2Q3Q4

Q1Q2Q3Q4

Q1Q2Q3

2020

2021

2022

5%

4%

3%

2%

1%

0%

-1%

-2%

-3%

-4%

-5%

(GrowthRatefromPreviousYear)

4.0%

14710

14710

14710

2020

2021

2022

Mil.

6

0

20182019202020212022

March2023*Source:CabinetOffice(GDP),MinistryofInternalAffairsandCommunications(CPI),JapanAutomobileDealersAssociation(NewCarSales)©GfK2

SeasonalityUnitShare

SalesUnitGrowth

InternetSales

(Jan-Dec)(Sep-Dec)

SUMMERWINTER

SalesValueJPYGrowth

(Jan-Dec)(Sep-Dec)

TraditionalSales

InternetSales

SUMMERWINTER

SeasonalityUnitShare,SalesUnitandValueJPYGrowth

-Internetsalesshowedpositivegrowthforsummerandwintertires.

-SalesvalueJPYgrowthismuchhigherthansalesunitgrowth.

SUMMERWINTERALLSEASON

2.0%

30.0%

68.0%

40%

35%

30%

25%

20%

15%

10%

5%

0%

-5%

-10%

TraditionalSales

40%

35%

30%

25%

20%

15%

10%

5%

0%

-5%

-10%

March2023©GfK3

111.3

106.0

TraditionalSales

InternetSales

108.2

105.3

SalesPriceIndex(Jan-Mar=100)

-Salespriceincreasedin2022duetotheraiseofshipmentprice.

-Salespriceofinternetsalesincreasedmorethanthatoftraditionalsales.

Averageof2022Top300SummerTiresAverageof2022Top300WinterTires

112

110

108

106

104

102

100

98

TraditionalSalesInternetSales

Jan-MarApr-JunJul-SepOct-Dec

112

110

108

106

104

102

100

98

Oct-Dec

Jan-Mar

March2023©GfK4

Jul

SepOct

WinterTiresWeeklySalesUnitShare

-SalesunitshareofwintertiresinHokkaidoandTohokuexceeds50%inSeptember.

-SalesunitshareofwintertiresinKyushureached50%forthefirsttimesince2015.

100%

Hokuriku

50%

0%

JulAugSepOctNovDec

50%

Kyushu

25%

0%

Nov

Dec

Oct

100%

Hokkaido

50%

0%

JulAugSepOctNovDec

100%

Tohoku

50%

0%

100%

50%

0%

JulAugSepOctNov

Sh

ut

ok

en

Dec

2015-2021Average2022

Aug

NovDec

March2023©GfK5

15.1

16.9

8.9

10.7

10.9

11.2

11.9

12.3

12.3

13.6

14.2

Total

SummerTireRimSalesUnitShareandSalesUnitGrowth

-Salesunitshareof>=17”washighinHokkaido,ShutokenandInternet.

->=17”summertiresgrewupinalmostallregions.

SalesUnitShare

>=17"15"-16"<=14"

100%90%80%70%60%50%40%30%20%10%0%

29.4

HokkaidoTohokuKitakantoShutokenKoshinetsuTokaiHokurikuKinkiChugokuShikokuKyushuInternet

SalesUnitGrowth

-17.4%

8.1%

12.0%

6.6%

7.2%

4.8%

10.7%

-1.8%

1.2%

7.4%

-5.0%

10.1%

>=17”1.1%6.9%17.8%14.4%12.8%9.3%14.1%7.3%14.4%11.8%4.2%12.6%

March2023©GfK6

Asia

March2023

SummerTireJapan,US/EU,AsianSalesUnitShare

-Japanmanufacturersweredominantespeciallyin<=14”traditionalsales.

-US/EUreached30%andAsiaexceeded10%in>=17”internetsales

SalesUnitShare

US/EU

Japan

100%90%80%70%60%50%40%30%20%10%0%

<=14"

15"-16"

TraditionalSales

>=17"

<=14"

15"-16"

InternetSales

>=17"

*ExclusiveItemsareexcluded.

©GfK

7

Others

March2023

SummerTireSegmentSalesUnitShare

-High-valueaddeditemsweresoldmoreinlargerrims.

-Premiumgotaround20%in>=17”inbothtraditionalsalesandinternetsales.

SalesUnitShare

Mini-Van

SUV

Comfort

SportsPremium

100%90%80%70%60%50%40%30%20%10%0%

<=14"

15"-16"

Traditional

>=17"

<=14"

15"-16"

Internet

>=17"

*ExclusiveitemsareincludedinOthers

©GfK

8

©GfK9

Summary

CartiremarketinJapanshowedpositivegrowth

especiallyinsalesvalueJPY,mainlyduetosalespriceincrease.

>=17”summertiresincreasedinalmostallregionsandinternetsales.Theunitshareofoverseabrandsincreasedasrimsizegotlarger.High-valueaddedtiresaremoreacceptedin>=17”.

March2023

Thankyou

GfKChina

Automotive

AftermarketReview

2022&Outlook

2023

GfKChinaAutomotiveTeams

Your

picture

AlexWei

GfKChina

Automotive

Director

China

©GfK12

Agenda

1ChinaMacroEnvironmentOverview

•ChinaGDPEstimation&ThreeDrivingForce

•ChinaPassengerCarSales

•ChinaNewEnergyVehicleSales

•ChinaPassengerCarownershipEstimation

2KeyTrendsinPassengercarREtireMarket

•GfKChina30C&TotalChinaRETireMarketSize

•Trend1:LargerInch(17”+)

•Trend2:TheImpactofNEVforTireMarket

3KeyTrendsinPassengercarEngineOilMarket

•GfKChina30C&TotalChinaEngineOilMarketSize

•Trend1:LowViscosity

•Trend2:APIUpgrade

2

©GfK13

GfKChinaAutomotiveTeams

MacroEnvironment

DataSource:ChinaNationalBureauofStatistics

DataSource:ChinaNationalBureauofStatistics

©GfK

2022GDP

Import&Export

ImportandExportIndexin2022

Export：+10.5%YoY

ChinaMacroEnvironmentOverview

•China’sGDPachieved3%YoYGrowthbeneficefromitsstrongImport&Exportwhileitsdomesticdemanddeclineby-0.2%duetotheCOVID-19

•China’sGDPgrowthrateisexpectedtoreboundfrom3%to5.2%in2023,domesticdemandwillbecomeanewdrivingforceforeconomicgrowthin2023

Import：+4.3%YoY

DataSource:ChinaNationalBureauofStatistics

+3%YoY

DataSource:ChinaNationalBureauofStatistics

2023GDP(Forecast)

+5.2%YoY

DataSource:IMFestimatedon31thJan2023

NationalFixedAssetInvestment(excluding

farmers)in2022

Investment

+5.1%YoY

TotalRetailSalesofConsumerGoodsinin2022

-0.2%YoY

Demand

15

15.0%

10.0%

5.0%

0.0%

-5.0%

-10.0%

-15.0%

ChinaPassengerCarNewCarSalesOverview

•Bytheend2022,China’spassengercarsalesincreasedby9.5%drivenbystronggrowthofNEV

No.

OEM

20221-12

20211-12

YoY%

1

BYD

1,804,624

723,697

149.4%

2

FAW-Volkswagen

1,779,077

1,778,389

0.0%

3

Chang'anAutomobile

1,289,870

1,133,814

13.8%

4

SAICVolkswagen

1,243,460

1,457,111

-14.7%

5

Geely

1,234,746

1,213,021

1.8%

6

SAICGM

1,036,851

1,277,261

-18.8%

7

GACToyota

971,462

840,396

15.6%

8

SGMW

955,278

1,195,192

-20.1%

9

DongfengNissan

897,924

1,134,889

-20.9%

9

FAWToyota

799,305

846,299

-5.6%

11

GreatWall

758,691

948,793

-20.0%

12

Chery

728,000

609,472

19.4%

13GACHonda722,362

770,406

-6.2%

14BMWBrilliance653,976

651,236

0.4%

15DongfengHonda652,406

793,272

-17.8%

TOP15SubTotal

15,528,032

15,373,248

1.0%

•BYDrankedthetop1beneficefromitsNEVcars

PassengerCarSalesTrend

Unit:TenThousand

20.0%

15.3%

9.5%

7.3%

6.5%

5.4%

1.4%

2,356

2,145

2,018

-4.1%

-5.9%

1,449

-9.6%

15.7%

9.9%

6.9%

2,472

2,438

2,371

2,148

2,115

1,549

1,970

1,793

201120122013201420152016201720182019202020212022

YoY

DataSource:CAAM

DataSource:CPCA©GfK16

NEVSales

1800%

167.5%

1600%

1400%

1200%

1000%

800%

600%

400%

200%

00%

-200%

©GfK

81.9%

106.4%

72.3%

62.0%

60.0

17.6%

124.7

273.4

57.9

33.6

11.1

46.8

333.4

536.5

105.3

106.0

0.7%

24.7

22.6

26.5

20.7

6.1

14.7

100

83.4

78.8

275.97

Unit:TenThousand

688.3

ChinaNewEnergyPassengerVehicleSalesOverview

•Bytheendof2022,newenergypassengervehiclesalesreached6.88million,aYoYincreaseof106.4%,accountingfor29%ofnewpassengercarsales,localcarbrandshavetakentheleadingpositioninthisarea

151.8

20152016201720182019202020212022

BEVPHEVYoY

DataSource:CAAM

800.0

700.0

600.0

500.0

400.0

300.0

200.0

100.0

0.0

No.

OEM

20221-12

20211-12

YoY%

1

BYD

1,799,947

584,020

208.2%

2

SGMV

442,118

431,130

2.5%

3

TESLA

439,770

320,743

37.1%

4

GEELY

304,911

80,694

277.9%

5

GACAION

273,757

126,962

115.6%

6

CHERY

221,157

97,625

126.5%

7

CHANG’AN

212,277

76,466

177.6%

8

NETA

148,661

69,674

113.4%

9

LIXIANG

133,246

90,491

47.2%

10

GREATWALL

123,920

133,997

-7.5%

11

NIO

122,486

91,429

34.0%

12

XIAOPENG

120,757

98,155

23.0%

13LEAPMOTOR111,186

44,906

147.6%

70,383

41.7%

14

FAWVolkswagen

99,760

15

SAICVolkswagen

91,761

61,064

50.3%

TOP15SubTotal

4,645,696

2,377,739

95.4%

DataSource:CPCA

17

305

282

259

22

14

200

3

160

1

121

0

214

159

121

236

7

219

5

180 2

143 1

285

273

260

245

229

178

142

197

32

ChinesePassengerCarownershipEstimation

•Bytheendof2022,ChinesePassengerCarownershiphasreach259Millions,theNEV’sproportionhasreach5.7%

2015-2025ChinesePassengerCarownershipEstimation

SalesVolume：Mio

ICENEVTotal

329

44

20152016201720182019202020212022E2023E2024E2025E

ICE121142159178197214229245260273285

0.2

1

1

2

3

14

22

32

44

7

5

NEV

Total121143160180200219236259282305329

DataSource:CIRCyearlynewPrivateCarsCompulsoryInsuranceData/GfKestimation©GfK18

KeyTrendsinTire

Market

GfKChinaAutomotiveTeams

ChinaPassengerCarRETire(PC+SUV)marketOverview

•WiththeChinaantivirusmeasuresreleased,totalretailsalesvolume(PC+SUV)expectedtoreboundto107

millionin2023,with8.7%YoYGR

2011-2023E

PassengerCarRETierMarketOverview

120

Unit:Million

onlineoffline

115

111

107

106

10

+13%

98

+18%

+61%13

96

+30%17+31%10523

89

5

+15%

+38%

22

20

6

19

78

70

-17%

Total61

55

97

+12%

+15%

969898

90

85

85

84

+8%

79

78

+8%

70

+6%

+13%

+2%

+8%

55

61+11%

-18%

0%

-13%

TotalYoYGR%

OnlineProportion%

2011

12.3%

0.0%

2012

10.9%

0.0%

2013

14.8%

0.0%

2014

11.7%

0.0%

2015

13.5%5.1%

DataSource:GfKCarTireRetailAudit/GfKestimation

2016

8.0%

6.5%

2017

11.0%

9.4%

2018

4.3%

11.7%

2019

3.3%

14.8%

2020

-8.2%

19.0%

2021

13.5%

19.2%

2022

-18.0%19.4%

2023E

8.7%

20.2%

©GfK

20

6,9

6,1

18,8

16,4

31,0

33,8

27,3

25,1

18,3

14,4

5,9

17,4

32,9

26,6

16,3

6,4

17,4

32,0

26,4

16,8

6,3

17,3

32,0

26,6

17,0

6,2

17,2

32,0

26,7

17,0

6,4

17,1

31,9

26,7

17,0

6,5

17,1

31,9

26,7

16,9

6,5

17,0

31,9

27,0

16,8

6,4

16,5

31,1

27,2

17,9

6,0

16,1

30,5

27,7

18,8

6,1

15,9

30,4

27,6

19,2

5,9

15,7

30,1

27,6

20,0

5,7

15,7

30,0

27,9

20,0

13-1415161718+

Trend1:LargerInchTires(17“+)showedasustainedgrowthtrend

reaching49.6%untilNov2022

CARTIRESChinaPanelmarket30C

SalesUnits%

Jan21-Nov21Jan22-Nov22Nov21Dec21Jan22Feb22Mar22Apr22May22Jun22Jul22Aug22Sep22Oct22Nov22

5,2

14,9

29,6

28,3

21,3

20.03815,9

16.059-19,9

1.977-5,8

1.713-6,0

1.725-4,8

1.380-2,4

Ths.

+/-%PY

DataSource:GfKCarTireRetailAudit

©GfK2023-Allrightsreserved|1/2023

PRJ171946-RG4741455-RP30516762-ID539620560

1.421

-27,0

1.384

-30,6

1.320

-27,3

1.487

-16,0

1.568

-14,8

1.517

-14,6

1.522

-18,3

1.485

-18,9

©GfK

1.250

-36,8

21

©GfK2222

SilencePatternandFoam

Tireloadcapacityimprovement

Enhancewearresistanceandincreasegrip

SelfSealing

Trend2:TheImpactofNEVforTireMarket

DuetothedifferencebetweenNEVandICEvehicles,thedemandfortireshaschanged

TireandwindnoisewillbeobviouswithabsentofICE

1

Heavyvehicleweightincreasetherollingresistanceandshortenthedrivingcycle

2

Hightorqueandstrongpowerincreasethewear

3

NoSpareTire

4

NEV

SilenceFoam

SelfSealing

AsofAug2022,atleast14brandsinChinahavereleasedpatternsforNEV；13

brandsreleasedSilenceFoamTire，covering35dimension;9brandslaunchedSelfSealingTire,covering27dimension.

14Brands

4ChineseBrands

10ForeignBrands

13Brands

35+Dimension

9Brands

27+Dimension

DataSource:PublicInformation

©GfK23

KeyTrendsin

EngineOilMarket

GfKChinaAutomotiveTeams

GfKChinaEBU

Unit:Million

TotalMarketTrend

GfKestimatedthatChinaCarEngineOilmarketwouldincreaseslightlyby+2.4%in2023,reachto1.145billion,theofflinemarketwillincreaseby+2.4%,andtheonlinemarketmaintainedagrowthof3.2%.

2012-2023EChinaCarEngineOilmarketEstimation

Liter

950

1

1,030

5

1,100

11

1,160

17

1,320

1,270

40

25

1,380

50

1,358

57

1,224

62

1,320

66

1,080

1,160

60+25%

48

-27%

Online

1,330

1,280

1,301

1,245

1,254

1,163

1,143

Offline

1,089

1,032

1,100+7%

949

1,025

-18%

2013

8.4%0.5%

2014

6.8%1.0%

2012

YoY%

OnlineProportion%0.1%

DataSource:GfKEngineOilRetailAudit/GfKestimation

2015

5.5%

1.5%

2016

9.5%

2.0%

2017

3.9%

3.0%

2018

4.5%

3.6%

2019

-1.6%

4.2%

2020

-9.9%

5.0%

2021

7.8%

5.0%

2022

-18.1%

4.4%

2023E

7.4%

5.2%

©GfK

25

©GfK26

KeyTrends

LowViscosity

Theproportion0W-20

and5W-30showeda

sustainedgrowth

trendreach9%and

30,8%in22YTDNov

APIUpgrade

SP’smarketsharehas

reached29,5%in22YTD

Novmainlydrivenbythe

Independenceworkshops

9.0

9.3

9.4

9.2

9.8

4.0

9.6

5.3

9.4

6.4

DataSource:GfKEngineOilRetailAudit

Trend2：LowViscosity

Theproportion0W-20and5W-30showedasustainedgrowthtrendreach9%and30,8%intotalmarket

ViscosityVolumeSharebyChannel(%)

CarDealerIndependenceworkshops

ENGINEOILSVEHICLES,CarMixedFleet

China30C

TrendofViscos

Total

Jan19-

Dec19

Jan20-

Dec20

Jan21-

Dec21

Jan22-

Nov22

Jul22-

Sep22

Oct22-

Nov22

9.6

10.2

©GfK

27

295

China30C

TrendofViscos

5.6

17.1

©GfK

28

DataSource:GfKEngineOilRetailAudit

Trend3：APIUpgrade

SP’smarketsharehasreached29,5%in22YTDNovmainlydrivenbythe

Independenceworkshops

ViscosityVolumeSharebyChannel(%)

CarDealerIndependenceworkshops

ENGINEOILSVEHICLES,CarMixedFleet

Total

Jan19-Jan20-Jan21-Jan22-Jul22-Oct22-

Dec19Dec20Dec21Nov22Sep22Nov22

2.6

©GfK29

Summary

Macro

environment

China’sGDPgrowth

rateisexpectedto

reboundfrom3%to

5.2%in2023,Domestic

demandwillbecomea

newdrivingforcefor

economicgrowth

Market

Rebound

ChinapassengercarRE

Tire(PC+SUV)and

Engineoilmarketare

expectedtoincreaseby

8.7%and7.4%

respectivelyin2023.

Product

Upgrade

Withthedevelopment

ofNEVinChina,

口LowViscosity:

口SP

口SelfSealingTire

口SilenceFoamTirearebecomingpopularinthemarket

GfKRetailandTechnologyChinaCo.,Ltd

Beijing:

11F,SouthTowerofCPCenter,No.20JinHeEastRoad,ChaoyangDistrict,Beijing100020Tel:(86)1085623838

Shanghai:

Rm2801-02GreentechTower,No.436HengfengRoad,Jing’anDistrict,ShanghaiTel:(86)2152003200

Thankyou!

Indonesia

FelixA.Limanjaya

GfKIndonesia

NewBusinessand

AccountDirector

7/05/2022©GfK31

UpdatesonIndonesia‘s

MacroSituation

32

©GfK

Notyetreleased

5.44

5.07

5.05

5.02

5.02

5.01

4.97

3.51

2.97

Q2'20

-5.32

Indonesia’sGDPGrowthDevelopment

•Sinceitsreboundinearly2021,Indonesia’sGDPgrowthcontinuesitspositivegrowth.

•BankIndonesia(CentralBank)estimatesthatIndonesia’sGDPgrowthforQ4around4.5%–5.3%.

7.07

5.72

Q3'20

Q4'20

Q1'19

Q2'19

Q3'19

Q4'19

Q1'20

Q1'21Q2'21Q3'21Q4'21Q1'22Q2'22Q3'22Q4'22

-0.74

-2.19

-3.49

BankIndonesia’sEstimationfor:

Q4’22:

4.5%s/d5.3%

33

©GfK

Indonesia’sGDPGrowthDevelopment

•ThelatestestimationfromcentralbankofIndonesia,FYGDPgrowthfor2022around5.25%.

•Ifitistrulyrealized,itwillbecomeoneofthestrongestgrowthforIndonesia.

BankIndonesia’sEstimationforFY2022:

5.25%

34

©GfK

Jan20

Feb20

Mar20

Apr20

May20

Jun20

Jul20

Aug20

Sep20

Oct20

Nov20

Dec20

Jan21

Feb21

Mar21

Apr21

May21

Jun21

Jul21

Aug21

Sep

21

Oct21

Nov21

Dec21

Jan22

Feb22

Mar22

Apr22

May22

Jun22

Jul22

Aug22

Sep22

Oct22

Nov22

Dec22

NewCarSales

532028

NewCarSalesandConfidenceIndex

•TheoptimismalsotranslatedinmuchstrongerConfidenceIndexfromIndonesianconsumer.

•Inautomotivesector,thisalsotranslatedintorealconsumerpurchase–especiallyinsignificantupliftinnewcarsalesfigure.

Indonesia’sConsumerConfidenceIndex

+18%

140

130

120

110

100

90

80

70

60

50

40

129128

125

123

120119120

113113113

111

107

104

102

Baseline

92

8586

80

78

8687

8483

119118120

117

96

118

122

114

97

93

85

79

77

1048398

+68%

887200

2020

2021

35

2f2K

2022

©GfK36

5.95

5.71

5.42

4.94

4.69

4.35

3.47

2.64

2.18

1.87

1.37

1.59

1.32

JanFebMarAprMayJunJulAugSepOctNovDec

20202021

5.51

3.55

2.98

2.06

2.96

2.67

1.42

2.68

1.55

1.75

1.66

1.6

1.68

1.59

2.19

1.52

1.38

1.33

1.96

1.68

1.54

1.44

1.42

ChallengesforManufacturers

•ThedepreciationofRupiahagainstUSDinrecentperiodbringapressureintomanufacturersCOGSstructure.

•Forcingmanufacturerstoincreasepriceandthuscreateamoreincreasinginflationthatwillnegativelyaffectingconsumer’spurchasingpower.

USDxIDRExchangeRate

InflationaryTrend

KeyHighlightsin

Indonesia‘sCarTires

Category

37

©GfK

Banjarmasin

Doubledigit

growth

Palembang

Singledigit

growth

Pekanbaru

Singledigit

growth

CarTiresDemandinIndonesia–10Cities

•Afterstagnationin2021,demandtowardscartiresgrowsignificantlyin2022.

•4AreasinJavabecomethemaindrivertothesignificantgrowthofcartiresin2022.

CarTiresVolumeGrowthKeyContributorsin2022

+24%

Stagnant

FY2019FY2020FY2021FY2022

Vol.ThsUnits

Bandung

39%

Surabaya37%

Jakarta35%

Bodetabek34%

Semarang

Doubledigit

growth

Makassar

Singledigit

growth

Medan

Stagnant

38

©GfK

ContributionfromDifferentTireSegment

•PCRsegmentremainsasadominantcontributortowardscartiresvolumegeneration.

•DemandgrowthofcartiressupportedbyalltiresegmentswithPCRandSUVsegmentlead.

9%

11%

80%

LVRPCRSUV

SUVVolumeGrowth

+24%

FY2019FY2020FY2021FY2022

LVRVolumeGrowth

+20%

FY2019FY2020FY2021FY2022

PCRVolumeGrowth

+25%

FY2019FY2020FY2021FY2022

•PCR:PassengerCarTire

•LVR:LightVanRadialtire

•SUV:SUVtires

39

©GfK

Jan19

Feb19

Mar19

Apr19

May19

Jun19

Jul19

Aug19

Sep19

Oct19

Nov19

Dec19

Jan20

Feb20

Mar20

Apr20

May20

Jun20

Jul20

Aug20

Sep20

Oct20

Nov20

Dec20

Jan21

Feb21

Mar21

Apr21

May21

Jun21

Jul21

Aug21

Sep21

Oct21

Nov21

Dec21

Jan22

Feb22

Mar22

Apr22

May22

Jun22

Jul22

Aug22

Sep22

Oct22

Nov22

Dec22

PriceStagnant

in2020

CarTiresValueGrowthTrend&AveragePriceTrend

•In2022,cartiresgrowingverysignificantlyintermsofvalue(38%)vs.2021.

•Increaseinvalueinlinewithoverallpriceincreaseincartirescategorythatespeciallyhappenedin2021and2022.

•In2yearsperiod,priceingeneralincreaseby19%.

3,000,000.0

2,500,000.0

2,000,000.0

1,500,000.0

1,000,000.0

500,000.0

0.0

+38%

FY2019FY2020FY2021FY2022

Val.MioIDR

1,000,000

900,000

800,000

700,000

600,000

500,000

AveragePrice/Units

PriceGrowthDec’22toJan’21increasedby19%.

40

©GfK

Jan19

Mar19

May19

Jul19

Sep19

Nov19

Jan20

Mar20

May20

Jul20

Sep20

Nov20

Jan21

Mar21

May21

Jul21

Sep21

Nov21

Jan22

Mar22

May22

Jul22

Sep22

Nov22

1,800,000

1,700,000

1,600,000

AveragePriceTrend

•Averagepriceincreaseconsistentlyacrosstiresegmentsaswellasrimsizessegments.

•Althoughprice/unitsincreasethedemandtowardscartiresalsomovepositivelyin2022.

AveragePrice/Units

1,500,000

1,400,000

1,300,000

1,200,000

1,100,000

1,000,000

900,000

800,000

700,000

600,000

500,000

TotalLVRPCRSUV

SalesbyRimSizes

AveragePrice/Units

3,000,000

2,750,000

2,500,000

2,250,000

2,000,000

1,750,000

1,500,000

1,250,000

1,000,000

750,000

500,000

250,000

0

2500000

2000000

1500000

1000000

500000

0

15"andbelow16"&17"

FY20FY21FY22

18"above

©GfK41

Jan19

Mar19

May19

Jul19

Sep19

Nov19

Jan20

Mar20

May20