The recent deterioration in road quality in the United States is helping to boost tire sales. This statement was made by the chairman and president of Michelin North America Inc. Pete Selleck.
While Michelin manufactures tires and tires for all vehicles from bicycles to aircraft, cars remain a priority for the company. At the same time, Michelin’s sales amount to about $ 10 billion annually.
Today’s low fuel prices are encouraging people to travel more, which is helping to strengthen Michelin’s business, says Pete Selleck. According to him, the demand for the main products manufactured by the company – tires for passenger and medium-duty vehicles – is extremely high.
At the same time, as one of the factors influencing the increase in demand, Selleck named “bad roads that help the company’s business , because they deteriorate tires.”
It should be noted that a recent report by the American Society of Civil Engineers assessed road conditions in the United States as “unsatisfactory.” At the same time, according to Pete Selleck, the root of the problem lies in the insufficient financial support of roads, bridges and other infrastructure by the state.