Michelin sales soared

Recently, Michelin officially released its financial report
for the third quarter of 2022.
According to the financial report, Michelin's sales in the first three quarters of 2022 increased by 20.
5% year-on-year to 20.
7 billion euros
.

Michelin said sales growth was driven by positive currency effects and higher prices
.
Despite the impact of the original parts and replacement business portfolio for passenger cars, sales of passenger car tires and mining tires of 18 inches and over increased by 0.
9 percent
.
It is worth mentioning that the Michelin Group's non-tire business also continued its good momentum, with sales increasing by 22%.

In addition, Michelin's acquisition of French e-commerce platform Allopneus brought a 1.
0% increase in sales
.

The financial report pointed out that the overall trend of tire market development in 2022 is good, and the market demand in most regions is showing a stable development trend
.
In terms of sales demand, the passenger car and light truck tire market increased by 1.
4%
year-on-year, thanks to the recovery of the original tire market in North America and China in the third quarter.
The replacement tire market remained stable
due to the comprehensive impact of rising imports from Asia.
In addition, the truck tire market business increased by 6%, and the special tire market represented by mining tires performed well, showing strong upward momentum
in the third quarter.