Chinese Truck Market Reports Strong Fourth Quarter

Hit：7787 Data：2012/10/26

(chinatrucks.com, Mar.18,2010)Sales of medium- and heavy-duty trucks has picked up in China, with fourth

 

quarter sales pushing annual figures to just over one million units for 2009, according to a report published

 

jointly by ACT Research and China's State Information Center (SIC).

 

 

According to the China Commercial Vehicle Outlook, fourth quarter truck sales were up year-over-year from a

 

weak fourth quarter of 2008. Due to strong demand for construction-related vehicles and improving fundamen

 

tals in transportation, each vehicle segment posted strong growth for the full year, led by heavy-duty straight truck

 

growth of 22 percent.

 

 

However, the report anticipates heavy-duty tractor sales to gain 27 percent in 2010, as there's a shift away from

 

construction towards freight hauling. The current China Outlook report increased the forecast in each vehicle

 

category for full year 2010."A slight recovery in global trade and increasing domestic consumption in China are

 

boosting demand for freight services," said Ken Vieth, senior partner with ACT. "The need for more freight hauling

 

capacity is supplanting a modest slowdown in construction activity from China's infrastructure initiatives. This is

 

having the effect of keeping overall commercial vehicle demand high, although creating some changes in the vehicle

 

mix."

 

 

The China Commercial Vehicle Demand Outlook is published jointly by ACT and SIC and released quarterly.

 

The next issue will be published in June 2010.