China Heavy Truck Industry Report 2013
With
the fading effect of a 4 trillion yuan stimulus package as well as the slowdown
of Chinese economic growth rate, the demand in China heavy truck market has
kept declining since 2011. In 2012, the sales volume of heavy trucks in China
was no more than 636,000 units, down 27.78% over 2011.
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TOC:-
In
H12013, the heavy truck industry of China saw pickup in terms of both output
and sales volume, with the sales volume, in particular, increasing by 8.36%
year-on-year. The contributing reasons are as follows: a) China’s investment in
infrastructure construction saw a steady growth rate; b) the requirements for
updating heavy trucks which are on their last legs since 2008-2010 when
witnessed a spike in sales; c) the release of National Ⅳ emission standard brought with orders for
consumption in advance.
However,
from the perspective of the overall situation all the year round, China’s sales
of heavy truck is not so optimistic, with the expected growth in sales volume
by around 6%, against the backdrop of a series of adverse factors such as
slackened macro-economic situation as a whole, declining demand for coal power
and the growth dive of highway freight volume.
In
2011-2012, the output of China’s top five heavy truck producers fell to varying
degrees. In H1 2013, with the sole exception of SINOTRUK whose output declined
slightly by 3%, the rest four ones saw pickup in output to various degrees.
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Dongfeng
Automobile Co., Ltd. -- in 2012, the company saw steep drop in both
output and sales volume of heavy trucks, with the figure of 119,649 and
130,830, respectively, down 30.52% year-on-year and 29.65% year-on-year. In
2013H1, the company’s output and sales volume of heavy trucks turned around for
the better, up 12% year-on-year and 9% year-on-year, respectively. In Sep.2013,
the 80,000 units/a capacity of its Shiyan Heavy Truck Base is expected to fully
put into production.
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