상품DB/인도네시아 타이어 시장동향(2013.7)/고무로 만든 공기타이어(신품으로 한정한다)

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제목

인도네시아 타이어 시장동향(2013.7)

게시일

2015-12-16

국가

인도네시아

작성자

오새봄(자카르타무역관)

품목

고무로 만든 공기타이어(신품으로 한정한다)

품목코드

4011

작성일자: 2013.7.15

작성자: 자카르타 무역관 Yoon, Yeo Pil (kotrayoon@kotra.or.kr), Ruth Duhita (ruth@kotra.or.id)

1. Automotive Market Situation in Indonesia

 ○ Automotive tire market in 2012 experienced a significant increase. The trigger is the increased sales of motorcycles and cars nationwide. The condition of people's purchasing power is increasing, along with the Indonesian economy that stable and getting better.

Vehicles Sales in 2001~2012

Year	Sales Volume (Units)
	Car	Motorcycle
2001	300,569	1,575,822
2002	317,749	2,287,706
2003	354,331	2,809,896
2004	483,170	3,887,678
2005	533,922	5,074,186
2006	318,904	4,428,274
2007	434,473	4,688,263
2008	607,805	6,215,830
2009	486,061	5,851,962
2010	764,709	7,369,249
2011	894,164	8,012,540
2012	1,116,230	7,064,457

          Source: Gaikindo

 ○ According to Gaikindo (The Association of Indonesia Automotive Industries), the sales of national car last year exceeded the expectations of the automotive industry. Car sales in 2012 reached 1,116,230 units. This is the highest than the previous years. Infact, in 2011, the sales was only 894,164 units.

 ○ Gaikindo optimistic car sales in Indonesia still penetrate 1.1 million in 2013, or at least same as last year. Based on preliminary data from the association, sales from January to May 2013 reached 497,670 units.

 ○ According data from the Indonesian Motorcycle Industry Association(AISI), national motorcycle sales in 2012 dropped 11.2% to 7.141 million units compared to a year before that reached 8.034 million units.

 ○ AISI set motorcycle sales target in 2013 just as many as 6 million units. This is lower 15.5% compared to the previous year that reached 7.1 million units.

 ○ The decline is due to the government's new policy that is considered burdensome automotive industry. The policy is about the minimum of Down Payment 25% of the vehicles ownership that had hit the motorcycle industry. Plus the antidumping duty on cold rolled steel sheet (CEC) to be implemented this year.

 ○ The vehicle industry has up and down, but the tire market in Indonesia shows remarkable potency. Below is the table of population of vehicles in Indonesia. By this table, we can see how big the market potential for tire in Indonesia.

Population of Vehicles in Indonesia, 2011~2012

No	Vehicle	Year		Growth (%)
		2011	2012
1	Passenger Cars	8,540,352	9,524,666	11.5
2	Bus	1,920,038	1,945,288	1.3
3	Commercial Vehicles	4,257,381	4,723,315	10.9
4	Motorcycle	69,204,675	77,755,658	12.4
5	Special Purpose Vehicles	270,611	280,372	3.6
Total		84,193,057	94,229,299	11.9

       Source: Indonesian Police Corps

2. Market Size

 ○ According to the chairman of Indonesian Tire Producers Association(APBI), Aziz Pane, the development of the national car industry that achieved significant sales of 1.1 million units in 2012 helped strengthen the national tire industry performance.

 ○ National tire production in the period 2012 reached 49.8 million units, down compared with the same period in 2012 that reached 51.8 million tires. The decline was triggered by the global recession that faced by European countries and USA.  

 ○ APBI mentioned that tire sales in the domestic market last year grew 13% compared to 2011 that reached to 17.45 million units.

 ○ Tire sales in the country grew well in 2012, whether for the replacement market retail and original equipment manufacturer(OEM).

 ○ In the retail market, tire sales rose 7.4% to 11.9 million units in 2012. Meanwhile, the OEM sales jumped 27.1% to 5.5 million units.

Tire Market Size in Indonesia

	2010	2011	2012
Production (Units)	49,855,000	51,811,500	49,859,300
Replacement (Units)	10,466,466,500	11,106,700	11,922,900
OEM (Units)	3,982,800	4,343,500	5,518,800
Export (Units)	35,116,500	35,881,900	32,116,900

        Source: APBI

 ○ As a result of the global crisis, national tire exports shrink over the past year. This condition is because of the decline of the purchasing power from export destination countries, such as Europe and the United States. Accordingly, the tire manufacturers have a hard to replace the export destination into other markets such as the Middle East and Asia Pacific. Global crisis significantly influence the national tire industry because of every year, 72% of the total national production of tires are sold to the export market.

 ○ As a result, in 2012 Indonesia is only able to export 32 million units of tires, or a 10.6% decline compared to 2011 to reach 35.8 million units.

 ○ APBI estimates that the decline in demand for tires in the export market has been felt since the second quarter of last year. Sluggish demand in the tire market foreign markets is expected to continue until the second quarter of this year.

 ○ Not surprisingly, this year, the association predicts tire industry will grow only about 3~4%. Furthermore tire manufacturers in the country are also faced with the problem of the increase in cost of production, such as labor and energy costs.

 ○ Indeed, there is news of economic recovery in the USA, so the demand for tires in the region is expected begin to squirm this year. However, the general market demand conditions are still disappointingly until the middle of this year, the export growth of up to 5% is considered good.

 ○ Tires producers with export orientation such as PT Goodyear Indonesia Tbk (GDYR) and PT Multistrada Arah Sarana Tbk (MASA) noted a reduction in export sales in the third quarter of 2012. Goodyear Indonesia export sales fell 21.02% and Multistrada down 16.18%. Meanwhile the export sales of PT Gajah Tunggal Tbk (GJTL) fell 1.52%.

 ○ The countries in Asia Pacific region, USA, and the Middle East are the main regions for export destination of Multistrada’s tires. Tire exports to the USA fell 39.7%, while to the Middle East and Asia Pacific, respectively declined 11.4% and 6.6%. Gajah Tunggal tires export sales also fell in Middle East and Asia. Export sales to the Middle East fell down 34.1%, while to Asia more depressed which is down 71%.

3. Competition

 ○ Some tire manufacturers such as Hankook, Gajah Tunggal, Multistrada and some other manufacturers will expand its production capacity in 2013. The domestic rubber consumption is expected to rise by 5% from last year.

 ○ In 2013, the consumption of rubber in the country could grow 5% from 2012 due to some tire manufacturers have been expanding by building a new factory.

 ○ According to the Director of Forest Products and Plantation Industrial of the Ministry of Industry, Aryan Wargadalam, the expansion tire manufacturers have followed the growth of the production of motor vehicles in Indonesia.

 ○ The total national rubber consumption in 2012 reached 400,000 tons or approximately 15% of the total rubber production that reached 2.8 million tons. About 70% of the total national consumption of natural rubber is absorbed by tire industry. Increased consumption of rubber in addition to sustained expansion of production capacity of the national tire manufacturers also realized investment driven global tire manufacturer.

Rubber Production	2.8 Million Tons
Rubber Consumption in 2012	400,000 Tons
Rubber Consumption in 2013 (Estimation)	420,000 Tons
Rubber Consumption for Tire Industry	70%

 ○ Hankook Tire Co. Ltd. through PT Hankook Indonesia will operate the plant in Cikarang, West Java this year. Tire plant construction is part of Hankook's commitment to invest US$ 1.1 billion with a production capacity of 18 million tires per year until 2018.

 ○ For the initial phase of Hankook, the investment of US$ 353 million is to build a tire plant with a capacity of 6 million units per year. The plan is Hankook will sell 95% of its products for export and 5% for the domestic market.

Production Capacity of Hankook Tire

Annual Production Capacity (Units)	6 Million
Export Market	95%
Domestic Market	5%

 ○ Meanwhile, PT Multistrada Arah Sarana Tbk (MASA) raise its production capacity to 10.41 million tires per year is 2013 as well as its overseas expansion as the major factor to the company's financial performance booster ahead. According to Bahana Securities analyst, Mitchel Jauwanto, estimated that the company could sell as many as 9.11 million passenger car tires in 2013 compared to last year surged about 6.58 million units.

Car Tires Sales of Multistrada

Year	Sales (Million Units)
2012	6.58
2013 (Estimation)	9.11

 ○ In addition, according to the director of Gajah Tunggal, Catharina Widjaja, the company will increase production of tires. One of the plans is by budgeting investment as much as of US$ 170 million. Later this factory will produce inner tubes and tires whether for two wheelers and four wheels. With this expansion, the production capacity of Gajah Tunggal for motorcycle tires will reach 105,000 units per day, increase 16.66% over to 2011's tire production that reached 90,000 units per day. While the production of car tires will touch 45,000 units per day, increase 12.5% from last year's production of 40,000 units per day.

Production Capacity of Gajah Tunggal

Year	2011	2012	Growth (%)
Motorcycle Tires (Units/Day)	90,000	105,000	16.66
Car Tires (Units/Day)	40,000	45,000	12.5

 ○ Previously, in November 2011, PT Astra Otoparts also cooperates with the Italian tire manufacturer, Pirelli & Co SpA. In this cooperation, Astra Otoparts and Pirelli are together build a motorcycle tire factory worth US$ 90 million. Construction of the factory began in June 2012 is expected to start production in 2013. Astra Otoparts hopes this plant will be fully operational and achieve a production capacity of 7 million motorcycle tires per year by 2016.

 ○ PT Bridgestone Tire Indonesia, tire manufacturer of Bridgestone brand, will launch a number of new products and increase its production capacity with market share projections to the national tire over 35% this year.

 ○ According to Tomoya Sano, Sales and Marketing Director of Bridgestone Tire Indonesia(BTI), Bridgestone reached market share of approximately 30~35% last year reached with a production capacity of its two factories in Bekasi and Karawang as many as 35,000 units per day.

 ○ The Bridgestone tire export volume reaches 40% of the total production. Bridgestone products are exported to several countries such as Japan, the USA and Asia-Pacific account for about 40% of the total production and the majority of 60% to meet the needs of domestic market in Indonesia,

 ○ BTI planned development of a network of Bridgestone official outlets are now at least 200 units to 240 units by the end of this year which is spread all over Indonesia. The partnership with the automotive industry and the expansion of the network of official outlets Bridgestone expects to maintain sales growth in the country reached an average of 10~15% per year.

 ○ In earlier this year, BTI launched the latest product duelers tires M/T 674 that is designed for vehicles operating on the off road conditions in mining areas such as coal, oil, gas plantations, and urban roads. Duelers tires M/T 674 which consists of 14 sizes ranging from 14 inches to 17 inches is offered at a price of around Rp 1 million to Rp 2 million per unit in accordance with the size and area of the tires sold.

 ○ Meanwhile according to Eko Supriyatin, BTI Product Planning Manager, explained that they are optimistic sales of duelers tires M/T 674 can be a market share of up to 40% for similar tires, in the realization of the duelers M/T 673 reached 30% in the last year.

4. Price

 ○ Price of Automobile Tires for Jakarta, Bogor, Depok, Tangerang and Bekasi Market in July 2013 is as the table below:

Brand	Type	Price IDR
Bridgestone	TURANZA AR-10 (SERI 50) 215/50 VR17	1,285,000
	TURANZA AR-10 (SERI 60) 205/60/ VR16	1,200,000
	TURANZA AR-10 (SERI 60) 225/60 VR15	1,189,000
	TURANZA AR-10 (SERI 60) 205/60 VR16	1,079,000
	TURANZA AR-10 (SERI 60) 195/60 VR15	1,031,000
	TURANZA AR-10 (SERI 60) 185/60 VR15	994,000
	TURANZA AR-10 (SERI 60) 195/60 VR14	952,000
	TURANZA AR-10 (SERI 60) 185/60 VR14	891,000
	TURANZA AR-10 (SERI 60) 175/60 HR13	723,000
	TURANZA AR-10 (SERI 60) 165/60 HR13	667,000
	TURANZA AR-10 (SERI 65) 215/65 VR16	1,235,000
	TURANZA AR-10 (SERI 65) 215/65 VR15	1,140,000
	TURANZA AR-10 (SERI 65) 205/65 VR15	1,086,000
	TURANZA AR-10 (SERI 60) 215/60 VR16	1,274,000
	TURANZA AR-10 (SERI 60) 225/60 VR16	1,370,000
	TURANZA AR-10 (SERI 50) 225/50 VR16	1,213,000
	TURANZA AR-10 (SERI 50) 205/50 VR16	1,152,000
	TURANZA AR-10 (SERI 50) 195/50 VR16	1,079,000
	TURANZA AR-10 (SERI 50) 195/50 VR15	977,000
	TURANZA AR-10 (SERI 55) 225/55 VR17	1,322,000
	TURANZA AR-10 (SERI 55) 215/55 VR17	1,250,000
	TURANZA AR-10 (SERI 55) 225/55 VR16	1,176,000
	TURANZA AR-10 (SERI 55) 215/55 VR16	1,152,000
	TURANZA AR-10 (SERI 55) 205/55 VR16	1,147,000
	TURANZA AR-10 (SERI 55) 195/55 VR16	1,128,000
	TURANZA AR-10 (SERI 55) 195/55 VR15	1,098,000
	TURANZA AR-10 (SERI 55) 185/55 VR15	1,055,000
	TURANZA AR-10 (SERI 65) 195/65 VR15	1,037,000
	TURANZA AR-10 (SERI 65) 185/65 VR15	1,002,000
	TECHNO T-370 (SERI 70) 175/70 SR12	484,000
	POTENZA G-III (SERI 50 & SERI 55) 195/50 VR15	1,092,000
	POTENZA G-III (SERI 55) 225/55 VR17	1,338,000
	POTENZA G-III (SERI 55) 205/55 VR16	1,250,000
	POTENZA G-III (SERI 60) 205/60 VR15	1,219,000
	POTENZA G-III (SERI 60) 195/60 VR15	1,158,000
	POTENZA G-III (SERI 60) 195/60 VR14	1,012,000
	POTENZA G-III (SERI 60) 185/60 VR 14	954,000
	TECHNO T-370 (SERI 70) 195/70 SR14	776,000
	TECHNO T-370 (SERI 70) 185/70 SR14	730,000
	TECHNO T-370 (SERI 70) 185/70 SR13	629,000
	TECHNO T-370 (SERI 70) 175/70 SR13	583,000
	TECHNO T-370 (SERI 70) 165/70 SR13	551,000
	POTENZA G-III (SERI 50 & SERI 55) 195/50 VR16	1,136,000
	POTENZA G-III (SERI 50 & SERI 55) 205/50 VR16	1,211,000
	TURANZA AR-10 (SERI 65) 195/65 HR14	941,000
	TURANZA AR-10 (SERI 65) 185/65 HR14	898,000
	TURANZA AR-10 (SERI 65) 175/65 HR14	776,000
	TURANZA AR-10 (SERI 65) 165/65 HR13	668,000
	TURANZA AR-10 (SERI 70) 195/70 HR14	891,000
	TURANZA AR-10 (SERI 70) 185/70 HR14	771,000
	TURANZA AR-10 (SERI 70) 185/70 HR13	698,000
	TURANZA AR-10 (SERI 70) 175/70 HR13	655,000
	POTENZA G-III (SERI 45 & SERI 40) 215/40 VR17	1,432,000
	POTENZA G-III (SERI 45 & SERI 40) 205/40 VR17	1,372,000
	POTENZA G-III (SERI 45 & SERI 40) 225/45 VR17	1,446,000
	POTENZA G-III (SERI 45 & SERI 40) 215/45 VR17	1,377,000
	POTENZA G-III (SERI 50 & SERI 55) 225/50 VR16	1,392,000
Dunlop	SP 2000 (VR RANGE 65) 195/65 VR15	888,000
	SP 2000 (VR RANGE 65) 205/65 VR15	932,000
	SP 2000 (VR RANGE 60) 195/60 VR15	897,000
	SP 2000 (VR RANGE 60) 205/60 VR15	951,000
	SP 2000 (HR RANGE 60) 215/60 HR16	945,000
	SP 2000 (VR RANGE 55) 205/55 VR16	1,042,000
	DIGNOS (VR RANGE 60) 195/60 VR14	864,800
	D80V4 (HR RANGE 65) 205/65 HR15	981,000
	SP LM703 (HR RANGE 55) 195/55 VR15	918,000
	SP LM703 (HR RANGE 60) 205/60 HR15	876,000
	SP LM703 (HR RANGE 60) 205/60 HR14	781,000
	SP LM703 (HR RANGE 60) 195/60 HR15	878,000
	SP LM703 (HR RANGE 60) 195/60 HR14	818,000
	SP LM703 (HR RANGE 60) 185/60 HR14	775,000
	SP 2000 (VR RANGE 55) 215/55 VR16	1,147,000
	SP 2000 (VR RANGE 55) 225/55 VR16	1,261,000
	FM901 (VR RANGE 45) 225/45 WR18	1,841,000
	FM901 (VR RANGE 45) 215/45 WR17	1,190,000
	FM901 (VR RANGE 50) 215/50 WR 17	1,274,000
	FM901 (VR RANGE 50) 205/50 VR16	1,102,000
	FM901 (VR RANGE 50) 195/50 VR16	1,002,000
	FM901 (VR RANGE 50) 195/50 VR15	935,000
	FM901 (VR RANGE 55) 205/55 VR16	1,099,000
	FM901 (VR RANGE 60) 205/60 VR15	934,000
	FM901 (VR RANGE 60) 195/60 VR15	930,000
	FM901 (VR RANGE 60) 185/60 VR14	807,000
	SP 2000 (VR RANGE 50) 225/50 VR16	1,324,000
	SP 2000 (VR RANGE 50) 205/50 VR16	1,053,000
	SP 2000 (VR RANGE 50) 195/50 VR16	961,000
	FM901 (VR RANGE 40) 225/40 WR18	1,699,000
	SP 10 (SR RANGE 80) 165 SR SP10	361,000
	SP65e (SR RANGE 65) 195/65 SR14	642,000
	SP65e (SR RANGE 65) 185/65 SR 14	612,000
	SP65i (SR RANGE 65) 165/65 SR13	532,000
	SP70e (SR RANGE 70) 195/70 SR14	645,000
	SP70e (SR RANGE 70) 185/70 SR14	603,000
	SP70e (SR RANGE 70) 185/70 SR13	528,000
	SP70e (SR RANGE 70) 175/70 SR13	496,000
	SP70e (SR RANGE 70) 175/70 SR12	406,000
	SP70 (SR RANGE 70) 165/70 SR13	461,000
	HIMAX (SR RANGE 70) 185/70 SR14	612,000
	HIMAX (SR RANGE 70) 185/70 SP13	528,000
	SP 10 (SR RANGE 70) 185/65 SR15	639,000
	SP 10 (SR RANGE 80) 185/80 SR14	486,000
	SP65e (SR RANGE 65) 195/65 SR15	709,000
	SP65e (SR RANGE 65) 205/65 SR15	765,000
	SP LM703 (HR RANGE 60) 185/60 HR13	625,000
	SP LM703 (HR RANGE 65) 205/60 HR15	922,000
	SP LM703 (HR RANGE 65) 195/65 HR15	880,000
	SP LM703 (HR RANGE 65) 195/65 HR14	732,000
	SP LM703 (HR RANGE 65) 185/65 HR14	767,000
	SP LM703 (HR RANGE 65) 185/65 HR13	622,000
	SP LM703 (HR RANGE 65) 175/65 HR14	676,000
	SP LM703 (HR RANGE 70) 215/70 HR15	816,000
	SP LM703 (HR RANGE 70) 175/70 HR13	545,000
	SP LM703 (HR RANGE 70) 185/70 HR13	593,000
	SP LM703 (HR RANGE 70) 185/70 HR14	667,000
	SP LM703 (HR RANGE 70) 195/70 HR14	710,000
	SP LM703 (HR RANGE 70) 205/70 HR14	738,000
	SP LM703 (HR RANGE 70) 205/70 HR15	756,000
Falken	ZE-512 (18 inch) 235/50 WR18	2,256,000
	ZE-512 (18 inch) 225/45 WR18	1,951,000
	ZE-512 (18 inch) 235/40 ZR18	2,027,000
	ZE-512 (18 inch) 225/40 ZR18	1,758,000
	ZE-512 (18 inch) 215/40 ZR18	1,675,000
	ZE-512 (18 inch) 265/35 ZR18	2,541,000
	ZE-512 (18 inch) 255/35 ZR18	2,534,000
	ZE-512 (18 inch) 225/35 ZR18	1,828,000
	AZENIS RT-615 195/60 R14	1,178,000
	AZENIS RT-615 205/50 R15	1,420,000
	AZENIS RT-615 215/40 R17	2,220,000
	AZENIS RT-615 205/40 R17	2,091,000
	AZENIS RT-615 245/45 R17	2,867,000
	AZENIS RT-615 225/45 R17	2,625,000
	AZENIS RT-615 215/45 R17	2,313,000
	AZENIS RT-615 205/40 R16	1,795,000
	AZENIS RT-615 215/45 R16	2,118,000
	AZENIS RT-615 225/50 R16	2,525,000
	ZE-512 (17 inch) 225/55 VR17	1,749,000
	ZE-512 (17 inch) 225/50 VR17	1,440,000
	ZE-512 (16 inch) 205/45 VR16	1,097,000
	ZE-512 (16 inch) 205/50 VR16	1,076,000
	ZE-512 (16 inch) 225/50 VR16	1,294,000
	ZE-512 (16 inch) 205/55 VR16	1,074,000
	ZE-512 (16 inch) 215/55 VR16	1,260,000
	ZE-512 (16 inch) 225/55 VR16	1,366,000
	ZE-512 (16 inch) 215/60 HR16	1,128,000
	ZE-512 (16 inch) 225/60 WR16	1,242,000
	ZE-512 (16 inch) 235/60 WR16	1,417,000
	ZE-512 (17 inch) 205/40 WR17	1,223,000
	ZE-512 (17 inch) 215/40 WR17	1,308,000
	ZE-512 (17 inch) 255/40 ZR17	2,219,000
	ZE-512 (17 inch) 205/45 WR17	1,326,000
	ZE-512 (17 inch) 215/45 WR17	1,330,000
	ZE-512 (17 inch) 225/45 WR17	1,531,000
	ZE-512 (17 inch) 235/45 WR17	1,717,000
	ZE-512 (17 inch) 215/50 VR17	1,309,000
	ZE-512 (16 inch) 195/45 VR16	1,045,000
	AZENIS RT-615 235/40 R17	2,442,000
	AZENIS RT-615 255/45 R17	3,004,000
	FK-452 (17 inch) 205/50 ZR17	1,578,000
	FK-452 (17 inch) 215/45 ZR17	1,550,000
	FK-452 (18 inch) 225/45 ZR18	2,356,000
	FK-452 (18 inch) 245/45 ZR18	2,786,000
	FK-452 (18 inch) 255/45 ZR18	3,069,000
	FK-452 (18 inch) 215/40 ZR18	1,954,000
	FK-452 (18 inch) 225/40 ZR18	2,196,000
	FK-452 (18 inch) 235/40 ZR18	2,483,000
	FK-452 (18 inch) 245/40 ZR18	2,623,000
	FK-452 (18 inch) 275/40 ZR18	3,455,000
	FK-452 (18 inch) 215/35 ZR18	2,088,000
	FK-452 (18 inch) 225/35 ZR18	2,244,000
	FK-452 (18 inch) 245/35 ZR18	2,954,000
	FK-452 (18 inch) 255/35 ZR18	2,956,000
	FK-452 (18 inch) 265/35 ZR18	2,964,000
	FK-452 (18 inch) 275/35 ZR18	3,292,000
	FK-452 (18 inch) 285/35 ZR18	3,461,000
	FK-452 (16 inch) 215/40 ZR16	1,665,000
	FK-452 (16 inch) 225/45 ZR16	1,686,000
	AZENIS RT-615 275/45 R17	3,472,000
	AZENIS RT-615 225/40 R18	2,543,000
	AZENIS RT-615 255/45 R18	2,991,000
	AZENIS RT-615 225/40 R18	2,503,000
	AZENIS RT-615 235/40 R18	2,786,000
AZENIS RT-615 245/40 R18	3,787,000
AZENIS RT-615 255/40 R18	4,311,000
AZENIS RT-615 295/40 R18	5,126,000
AZENIS RT-615 265/35 R18	3,829,000
AZENIS RT-615 275/35 R18	3,938,000
AZENIS RT-615 315/30 R18	6,336,000
FK-452 (16 inch) 225/60 WR16	1,506,000
FK-452 (16 inch) 235/60 WR16	1,653,000
FK-452 (16 inch) 205/55 ZR16	1,326,000
FK-452 (16 inch) 215/55 ZR16	1,590,000
FK-452 (16 inch) 205/50 ZR16	1,326,000
FK-452 (16 inch) 225/50 ZR16	1,561,000
FK-452 (18 inch) 295/30 ZR18	4,358,000
ZE-912 (12 inch) 165/60 HR12	622,000
ZE-912 (15 inch) 205/60 HR15	855,000
ZE-912 (15 inch) 215/60 HR15	1,056,000
ZE-912 (15 inch) 225/60 HR15	1,172,000
ZE-912 (15 inch) 185/65 HR15	856,000
ZE-912 (15 inch) 195/65 HR15	850,000
ZE-912 (15 inch) 205/65 HR15	895,000
ZE-912 (15 inch) 215/65 HR15	990,000
ZE-912 (16 inch) 205/40 HR16	1,105,000
ZE-912 (16 inch) 215/40 WR16	1,182,000
ZE-912 (16 inch) 225/40 WR16	1,265,000
ZE-912 (16 inch) 195/45 WR16	1,151,000
ZE-912 (16 inch) 195/50 VR16	1,041,000
ZE-912 (16 inch) 205/50 VR16	1,061,000
ZE-912 (16 inch) 215/50 VR16	1,226,000
ZE-912 (16 inch) 225/50 VR16	1,290,000
ZE-912 (16 inch) 195/55 VR16	1,050,000
ZE-912 (16 inch) 205/55 VR16	1,102,000
ZE-912 (15 inch) 195/60 HR15	795,000
ZE-912 (15 inch) 205/55 VR15	1,019,000
ZE-912 (13 inch) 175/60 HR13	724,000
ZE-912 (13 inch) 185/60 HR13	724,000
ZE-912 (13 inch) 205/60 HR13	770,000
ZE-912 (14 inch) 185/55 HR14	737,000
ZE-912 (14 inch) 175/60 HR14	712,000
ZE-912 (14 inch) 185/60 HR14	691,000
ZE-912 (14 inch) 195/60 HR14	769,000
ZE-912 (14 inch) 205/60 HR14	898,000
ZE-912 (14 inch) 175/65 HR14	691,000
ZE-912 (14 inch) 185/65 HR14	701,000
ZE-912 (14 inch) 195/65 HR14	745,000
ZE-912 (15 inch) 195/45 VR15	884,000
ZE-912 (15 inch) 195/50 VR15	889,000
ZE-912 (15 inch) 205/50 VR15	1,039,000
ZE-912 (15 inch) 225/50 VR15	1,143,000
ZE-912 (15 inch) 185/55 VR15	909,000
ZE-912 (15 inch) 195/55 VR15	909,000
ZE-912 (16 inch) 215/55 VR16	1,256,000
ZE-912 (16 inch) 225/55 VR16	1,319,000
ZE-512 (15 inch) 225/60 WR15	1,281,000
ZE-912 (18 inch) 235/40 ZR18	1,986,000
ZE-912 (18 inch) 245/40 ZR18	2,243,000
ZE-912 (18 inch) 225/45 ZR18	2,008,000
ZE-912 (18 inch) 225/35 ZR18	2,793,000
ZE-912 (18 inch) 265/35 ZR18	2,854,000
ZE-912 (18 inch) 235/50 ZR18	2,131,000
ZE-512 (14 inch) 185/55 HR14	739,000
ZE-512 (14 inch) 175/60 HR14	679,000
ZE-512 (14 inch) 185/60 HR14	645,000
ZE-512 (14 inch) 195/60 HR14	771,000
ZE-512 (15 inch) 195/45 VR15	868,000
ZE-512 (15 inch) 195/50 VR15	892,000
ZE-512 (15 inch) 185/55 VR15	866,000
ZE-512 (15 inch) 195/55 VR15	841,000
ZE-512 (15 inch) 195/60 VR15	818,000
ZE-512 (15 inch) 205/60 VR15	858,000
ZE-512 (15 inch) 215/60 VR15	1,006,000
ZE-912 (18 inch) 225/40 ZR18	1,753,000
ZE-912 (18 inch) 215/40 ZR18	1,758,000
ZE-912 (17 inch) 255/40 ZR17	2,148,000
ZE-912 (17 inch) 215/40 ZR17	1,217,000
ZE-912 (17 inch) 205/40 ZR17	1,181,000
ZE-912 (16 inch) 205/65 VR16	1,158,000
ZE-912 (16 inch) 235/60 WR16	1,487,000
ZE-912 (16 inch) 225/60 HR16	1,264,000
ZE-912 (16 inch) 215/60 HR16	1,148,000
ZE-912 (16 inch) 205/60 HR16	1,052,000
ZE-912 (17 inch) 205/45 ZR17	1,217,000
ZE-912 (17 inch) 215/45 ZR17	1,286,000
ZE-912 (18 inch) 215/35 ZR18	1,727,000
ZE-912 (17 inch) 235/55 ZR17	1,666,000
ZE-912 (17 inch) 225/55 ZR17	1,562,000
ZE-912 (17 inch) 225/50 VR17	1,291,000
ZE-912 (17 inch) 215/50 VR17	1,276,000
ZE-912 (17 inch) 245/45 ZR17	1,809,000
ZE-912 (17 inch) 235/45 ZR17	1,666,000
ZE-912 (17 inch) 225/45 ZR17	1,527,000
GT Radial	CHAMPIRO BTX 60 185/60 R14	494,000
	CHAMPIRO BTX 60 185/60 R13	438,000
	CHAMPIRO BTX 60 175/60 R13	405,000
	CHAMPIRO GTX 65 195/65 R15	636,000
	CHAMPIRO GTX 65 205/65 R14	663,000
	CHAMPIRO BTX 60 195/60 R15	514,000
	CHAMPIRO BTX 60 185/60 R15	554,000
	CHAMPIRO BTX 60 195/60 R15	577,000
	CHAMPIRO BTX 60 205/60 R15	625,000
	CHAMPIRO BTX 60 205/60 R16	742,000
	CHAMPIRO BTX 60 215/60 R16	752,000
	CHAMPIRO BTX 60 225/60 R16	790,000
	CHAMPIRO BTX 65 165/65 R13	421,000
	CHAMPIRO GTX 65 195/65 R14	574,000
	CHAMPIRO GTX 65 185/65 R14	526,000
	CHAMPIRO BAX 60 205/60 R16	755,000
	CHAMPIRO BAX 60 215/60 R16	772,000
	CHAMPIRO BAX 60 225/60 R16	814,000
	CHAMPIRO GTX 60 185/60 R14	525,000
	CHAMPIRO GTX 60 195/60 R14	563,000
	CHAMPIRO GTX 60 195/60 R15	613,000
	CHAMPIRO GTX 60 205/60 R15	662,000
	CHAMPIRO GTX 60 215/60 R15	696,000
	CHAMPIRO GTX 60 225/60 R15	744,000
	CHAMPIRO GTX 60 205/60 R16	797,000
	CHAMPIRO GTX 60 225/60 R16	867,000
	CHAMPIRO GTX 65 185/65 R13	493,000
	CHAMPIRO BAX 60 225/60 R15	749,000
	CHAMPIRO BTX 65 175/65 R13	428,000
	CHAMPIRO BTX 65 175/65 R14	443,000
	CLASSIRO 70 155/70 R12	327,000
	CLASSIRO 70 175/70 R12	376,000
	CLASSIRO 70 155/70 R13	331,000
	CLASSIRO 70 165/70 R13	363,000
	CLASSIRO 70 175/70 R13	400,000
	CLASSIRO 70 185/70 R13	449,000
	CLASSIRO 70 185/70 R14	476,000
	CLASSIRO 70 195/70 R14	574,000
	CLASSIRO 70 205/70 R14	587,000
	CLASSIRO 70 235/70 R15	749,000
	CLASSIRO 75 185/75 R14	549,000
	CLASSIRO 75 195/75 R14	603,000
	CHAMPIRO GTR 378 235/70 R15	749,000
	CHAMPIRO GTR 378 205/70 R14	587,000
	CHAMPIRO BTX 65 185/65 R14	492,000
	CHAMPIRO BTX 65 195/65 R14	538,000
	CHAMPIRO BTX 65 195/65 R15	602,000
	CHAMPIRO BTX 65 205/65 R15	625,000
	CHAMPIRO BTX 65 215/65 R15	671,000
	CHAMPIRO BTX 65 215/65 R16	709,000
	CHAMPIRO GTR 378 175/70 R12	376,000
	CHAMPIRO GTR 378 155/70 R13	331,000
	CHAMPIRO GTR 378 175/70 R13	400,000
	CHAMPIRO GTR 378 185/70 R13	449,000
	CHAMPIRO GTR 378 185/70 R14	476,000
	CHAMPIRO GTR 378 195/70 R14	574,000
	CLASSIRO 75 205/75 R15	742,000
	CHAMPIRO BAX 60 205/60 R15	649,000
	CHAMPIRO HPX 35 215/35 ZR18	1,200,000
	CHAMPIRO HPX 45 215/45 ZR17	960,000
	CHAMPIRO HPX 45 225/45 ZR17	1,011,000
	CHAMPIRO HPX 45 235/45 ZR17	1,100,000
	CHAMPIRO HPX 45 245/45 ZR17	1,140,000
	CHAMPIRO HPX 45 245/45 ZR18	1,299,000
CHAMPIRO HPZ 45 215/45 R17	980,000
CHAMPIRO HPZ 45 225/45 R17	1,011,000
CHAMPIRO HPZ 45 235/45 R17	1,100,000
CHAMPIRO HPZ 45 245/45 R18	1,299,000
CHAMPIRO HPX 50 195/50 ZR15	692,000
CHAMPIRO HPX 50 205/50 ZR16	780,000
CHAMPIRO HPX 50 205/50 ZR17	860,000
CHAMPIRO HPX 45 205/45 ZR17	904,000
CHAMPIRO 40 215/40 ZR17	1,032,000
CHAMPIRO HPX 35 245/35 ZR19	2,100,000
CHAMPIRO HPX 35 245/35 ZR20	2,550,000
CHAMPIRO HPZ 35 265/35 ZR18	1,747,000
CHAMPIRO HPX 40 205/40 ZR17	980,000
CHAMPIRO HPX 40 215/40 ZR17	1,035,000
CHAMPIRO HPX 40 225/40 ZR18	1,263,000
CHAMPIRO HPX 40 235/40 ZR18	1,365,000
CHAMPIRO HPZ 40 205/40 ZR17	980,000
CHAMPIRO HPZ 40 215/40 ZR17	1,035,000
CHAMPIRO HPZ 40 225/40 ZR18	1,263,000
CHAMPIRO HPZ 40 235/40 ZR18	1,365,000
CHAMPIRO 40 205/40 ZR17	980,000
CHAMPIRO HPZ 50 195/50 ZR15	688,000
CHAMPIRO HPZ 50 205/50 ZR15	710,000
CHAMPIRO BAX 60 195/60 R15	600,000
CHAMPIRO HPX 55 225/55 ZR17	930,000
CHAMPIRO HPX 60 225/60 ZR16	850,000
CHAMPIRO HPX 60 235/60 ZR16	873,000
CHAMPIRO BAX 50 195/50 R15	673,000
CHAMPIRO BAX 50 205/50/R15	693,000
CHAMPIRO BAX 50 205/50 R16	765,000
CHAMPIRO BAX 55 185/55 R14	601,000
CHAMPIRO BAX 55 185/55 R15	629,000
CHAMPIRO BAX 55 195/55 R15	659,000
CHAMPIRO BAX 55 205/55 R15	727,000
CHAMPIRO BAX 55 205/55 R16	771,000
CHAMPIRO BAX 55 215/55 R16	793,000
CHAMPIRO HPX 55 215/55 ZR16	856,000
CHAMPIRO HPX 55 205/55 ZR16	797,000
CHAMPIRO HPZ 50 205/50 ZR16	780,000
CHAMPIRO HPZ 50 225/50 ZR26	890,000
CHAMPIRO 50 195/50 R15	688,000
CHAMPIRO 50 205/50 R15	710,000
CHAMPIRO 50 195/50 R16	716,000
CHAMPIRO 50 205/50 R16	780,000
CHAMPIRO 50 225/50 R16	890,000
CHAMPIRO 55 185/55 R14	614,000
CHAMPIRO 55 185/55 R15	658,000
CHAMPIRO 55 195/55 R15	664,000
CHAMPIRO 55 205/55 R16	782,000
CHAMPIRO 55 215/55 R16	804,000
CHAMPIRO 55 225/55 R16	883,000
Multistrada Arah Sarana	CORSA 70 SERIES 195/70 R14	583,000
	CORSA 70 SERIES 185/70 R14	521,000
	CORSA 70 SERIES 175/70 R14	506,000
	CORSA 70 SERIES 185/70 R13	475,000
	CORSA 70 SERIES 175/70 R13	426,000
	CORSA 70 SERIES 205/70 R15	698,000
	CORSA 70 SERIES 275/70 R16	1,470,000
	CORSA 65 SERIES 165/65 R13	422,000
	CORSA 65 SERIES 175/65 R14	475,000
	CORSA 65 SERIES 185/65 R14	520,000
	CORSA 65 SERIES 195/65 R14	587,000
	CORSA 65 SERIES 185/65 R15	573,000
	CORSA 65 SERIES 195/65 R15	615,000
	CORSA 80 SERIES 165/80 R13	387,000
	ACHILLES 30 SERIES 245/30 R20	2,545,000
	ACHILLES 30 SERIES 235/30 R20	2,377,000
	ACHILLES 40 SERIES 215/40 R18	1,024,000
	ACHILLES 40 SERIES 225/40 R18	1,115,000
	ACHILLES 40 SERIES 235/40 R18	1,220,000
	ACHILLES 40 SERIES 245/40 R18	1,290,000
	ACHILLES 35 SERIES 215/35 R18	1,215,000
	ACHILLES 35 SERIES 225/35 R19	1,585,000
	ACHILLES 35 SERIES 235/35 R19	1,642,000
	ACHILLES 35 SERIES 245/35 R19	1,690,000
	ACHILLES 35 SERIES 225/35 R20	1,780,000
	ACHILLES 35 SERIES 245/35 R20	1,910,000
	ACHILLES 35 SERIES 255/35 R20	2,000,000
	ACHILLES 30 SERIES 225/30 R20	2,052,000
	ACHILLES 40 SERIES 205/40 R18	950,000
	CORSA 65 SERIES 205/65 R15	670,000
	CORSA 50 SERIES 195/50 R15	694,000
	CORSA 50 SERIES 205/50 R16	777,000
	CORSA 50 SERIES 205/50 R17	934,000
	CORSA 50 SERIES 215/50 R17	960,000
	CORSA 45 SERIES 205/45 R17	910,000
	CORSA 45 SERIES 215/45 R17	929,000
	CORSA 45 SERIES 225/45 R17	960,000
	CORSA 45 SERIES 235/45 R17	1,001,000
	CORSA 40 SERIES 205/40 R17	950,000
	CORSA 40 SERIES 225/40 R18	1,126,000
	CORSA 40 SERIES 235/40 R18	1,220,000
	CORSA 35 SERIES 225/35 R19	1,585,000
	CORSA 55 SERIES 225/55 R16	910,000
	CORSA 55 SERIES 215/55 R16	878,000
	CORSA 55 SERIES 205/55 R16	785,000
	CORSA 65 SERIES 195/65 R16	760,000
	CORSA 65 SERIES 205/65 R16	783,000
	CORSA 65 SERIES 225/65 R16	900,000
	CORSA 65 SERIES 235/65 R16	977,000
	CORSA 60 SERIES 185/60 R14	515,000
	CORSA 60 SERIES 195/60 R14	565,000
	CORSA 60 SERIES 195/60 R15	615,000
	CORSA 60 SERIES 205/60 R15	665,000
	CORSA 60 SERIES 225/60 R16	879,000
	CORSA 55 SERIES 185/55 R15	681,000
	CORSA 55 SERIES 195/55 R15	710,000
	CORSA 55 SERIES 195/55 R16	768,000
	CORSA 35 SERIES 235/35 R19	1,642,000
	ACHILLES 80 SERIES 165/80 R13	414,000
	ACHILLES 65 SERIES 175/65 R14	492,000
	ACHILLES 65 SERIES 185/65 R14	539,000
	ACHILLES 65 SERIES 185/65 R15	599,000
	ACHILLES 65 SERIES 195/65 R15	643,000
	ACHILLES 65 SERIES 205/65 R15	705,000
ACHILLES 65 SERIES 205/65 R15	828,000
ACHILLES 65 SERIES 235/65 R17	1,355,000
ACHILLES 65 SERIES 265/65 R17	1,386,000
ACHILLES 60 SERIES 185/60 R14	550,000
ACHILLES 60 SERIES 195/60 R14	578,000
ACHILLES 60 SERIES 195/60 R15	635,000
ACHILLES 60 SERIES 205/60 R15	697,000
ACHILLES 65 SERIES 165/65 R13	445,000
ACHILLES 70 SERIES 245/70 R17	1,500,000
ACHILLES 70 SERIES 265/70 R16	1,459,000
ACHILLES 70 SERIES 155/70 R13	415,000
ACHILLES 70 SERIES 165/70 R13	430,000
ACHILLES 70 SERIES 175/70 R13	445,000
ACHILLES 70 SERIES 185/70 R13	490,000
ACHILLES 70 SERIES 185/70 R14	539,000
ACHILLES 70 SERIES 195/70 R14	600,000
ACHILLES 70 SERIES 235/70 R15	936,000
ACHILLES 70 SERIES 215/70 R16	1,008,000
ACHILLES 70 SERIES 225/70 R16	1,120,000
ACHILLES 70 SERIES 235/70 R16	1,190,000
ACHILLES 70 SERIES 245/70 R16	1,276,000
ACHILLES 70 SERIES 255/70 R16	1,316,000
ACHILLES 60 SERIES 215/60 R16	869,000
ACHILLES 60 SERIES 215/60 R16	895,000
ACHILLES 50 SERIES 205/50 R16	777,000
ACHILLES 50 SERIES 225/50 R16	843,000
ACHILLES 50 SERIES 205/50 R17	934,000
ACHILLES 50 SERIES 215/50 R17	960,000
ACHILLES 45 SERIES 205/45 R16	840,000
ACHILLES 45 SERIES 205/45 R17	910,000
ACHILLES 45 SERIES 215/45 R17	929,000
ACHILLES 45 SERIES 225/45 R17	960,000
ACHILLES 45 SERIES 235/45 R17	1,001,000
ACHILLES 45 SERIES 245/45 R17	1,040,000
ACHILLES 45 SERIES 255/45 R20	2,250,000
ACHILLES 45 SERIES 275/45 R20	2,431,000
ACHILLES 40 SERIES 205/40 R17	1,050,000
ACHILLES 50 SERIES 195/50 R16	727,000
ACHILLES 50 SERIES 195/50 R15	694,000
ACHILLES 60 SERIES 225/60 R16	879,000
ACHILLES 60 SERIES 275/60 R17	1,555,000
ACHILLES 55 SERIES 185/55 R15	693,000
ACHILLES 55 SERIES 195/55 R15	724,000
ACHILLES 55 SERIES 195/55 R16	768,000
ACHILLES 55 SERIES 205/55 R16	775,000
ACHILLES 55 SERIES 215/55 R16	878,000
ACHILLES 55 SERIES 225/55 R16	910,000
ACHILLES 50 SERIES 195/50 R15	902,000
ACHILLES 55 SERIES 255/55 R18	1,587,000
ACHILLES 55 SERIES 235/55 R18	1,436,000
ACHILLES 55 SERIES 225/55 R18	1,362,000
ACHILLES 55 SERIES 215/55 R17	975,000
Yokohama	S DRIVE AA 01 195/55 R15	829,000
	S DRIVE AA 01 195/50 R15	880,000
	S DRIVE AS 01 225/45R 17 91 Y	1,800,000
	S DRIVE AS 01 215/40 R17 87 Y	1,722,000
	S DRIVE AS 01 205/40 R17 84 W	1,692,000
	S DRIVE AS 01 195/40 R17 84 W	1,710,000
	S DRIVE AS 01 225/35 R17 86 Y	1,830,000
	S DRIVE AS 01 215/35 R17 83 W	1,728,000
	S DRIVE AA 01 205/65 R15	948,000