Global Autos Daily: The Morning News

Research evidence excerpt

Global Autos Daily: The Morning News

Deutsche Bank

Research

Europe Strategy Date

23 June 2026

Global Autos Daily Market Update

The Morning News

Tim Rokossa

May tire volumes, ACEA EU car registrations & Renault Head of European Equity Research

sales, Mobileye robotaxi business, NIO update, UK monthly

sales, China NEV demand, Semis skimmed - Pricing and Christoph Laskawi

Research Analyst

lead time, Germany Schnappschuss - Annual Housing

Completions, UK economic notes - Brexit 10 Years On, FX Nicolai Kempf

Blog - Another PM, Thematic Research - Strait of Hormuz & Research Analyst

market rallies and US-Iran deal Edison Yu

INVITES: Ferrari Expert call (7/9), Truck'n'Roll - Truck IAA Bin Wang

Field trip (9/15-16) Research Analyst

Nikita Papaccio

OE tire volumes down; replacement mixed in May (Laskawi) Research Analyst

Michelin has published May tire volume data for pass car and truck tires that show

Winnie Dong

OE down and mixed trends for replacement. Pass car tires are down 8% in OE on a

global basis as Europe is down 12%, North America down 6% and China down 7%.

Europe is also impacted by fewer working days. Replacement volumes are up 1% Laura Li

globally thanks to China being up 8% while Europe is down 1% and North America Research Associate

down 2%. Across the regions, the comp base has not been particularly demanding. James Mulholland, CFA

OE Truck tires are down 3% in Europe, down 12% in North America and down 16% Research Associate

in South America off relatively easy comps. Replacement is strong with 10% Wei Huang

growth in Europe and 40% in South America while North America is down 14%. Research Associate

Overall, regionally weighted for the European tiremakers not a great month which

Mira Wiegratz

is directionally in line with tiremakers comments.