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China heavy-duty truck sales drop 32 percent in March

BEIJING – Sales of heavy-duty trucks dropped 32 percent to 66,000 units in March, according to a report of cvworld.cn.

The whole market sold 133,700 units through March this year, down 34 percent on a yearly basis.

Sales decline can be attributed to slowing economic growth, especially the sluggish manufacturing industry. A weak real estate industry also dragged down the heavy-duty truck market. Late Spring Festival delayed engineering construction, which hindered truck sales as well. The implementation of the State-IV emissions standards at year’s beginning led to pre-purchase of State-III emissions standards-compliant products in 2014, which affected new vehicle sales in 2015. Higher cost of State-IV trucks compared with the State-III trucks won less customer acceptance with certain customers still staying on the sidelines.

Heavy-duty truck market might see a double-digit decrease in the first half. Analysts of cvworld.cn predicted a flat April and 10 percent decrease year-on-year for heavy-duty truck sales in May and June, which will turn out to be 88,000 units in April, 66,500 in May, and 57,300 in June this year. Heavy-duty truck sales in the first half of the year are estimated to be about 345,600 units, down 19 percent on a yearly basis.

Sales of top 9 heavy-duty truck makers in March 2015 (in units) 

Heavy-duty truck maker

Mar. 2015 sales

Mar.  2014 sales

% Change

Jan.-Mar. 2015 sales

Jan.-Mar. 2014 sales

% Change

Dongfeng

15,000

20,381

-26

30,300

39,304

-23

CNHTC

11,500

14,518

-21

25,300

33,604

-25

FAW

12,000

15,274

-21

19,700

32,829

-40

Beiqi-Foton

9,000

14,442

-38

18,000

29,395

-39

Shacman

8,000

15,466

-48

15,900

29,379

-46

JAC

3,400

4,299

-21

9,000

10,874

-18

SAIC-IVECO-Hongyan

925

4,013

-77

2,127

7,838

-73

Hualing

1,762

2,605

-32

4,102

5,956

-31

Beiben

900

1,387

-35

2,454

3,053

-20

Industry Total

66,000

97,092

-32

133,700

202,937

-34

Source: Truck Manufacturers’ data

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