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TRUCKS MARKET NEWS * China - Domestic truck sales up 26.66% in Q1
Beijing,China -China Economic Net, by Fu Zhenglun -2 June 2008: -- Statistics from the China Association of Automobile Manufacturers (CAAM) show that trucks sold amounted to a volume of 645,653 sets with a year-on-year growth margin of 26.66 percent, which is 6.25 percentage points higher than the growth margin for passenger vehicles of 20.41 percent and 5.24 percentage points higher than that for the automobile industry as a whole. Such a fact shows that during the first quarter of the year, the growth in the market for trucks contributes more to the growth in the market for all motor vehicles as a whole than that in the market for passenger vehicles and that in the market for buses... First of all, the continual flourishing sales of heavy-duty trucks are beyond the expectation of many analysts. Undoubtedly, heavy-duty trucks became the largest highlight in the market for motor vehicles during the first quarter of 2008, their sales added up to 167,232 sets with a year-on-year growth rate of 58.70 percent, thus making trucks the type with the largest growth margin in the respective markets for the 4 major types of motor vehicles and the only type having seen an increase of market shares. During the first quarter, altogether 29,953 heavy-duty trucks were sold with a growth rate of 72.78 percent year on year... What is noteworthy is that in the market for heavy-duty trucks, the higher the tonnage of heavy-duty trucks of a type is, the smaller the growth rate will be and medium- and heavy-duty motor vehicles began to sell like hot cakes, which is in contrary to the case in 2007...
Labels: trucks markets worldwide
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