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Dec 18, 2012

TRUCKS MARKETS NEWS * WORLDWIDE

* China - Heavy truck sales continue to fall in November 

(Photo: The terrain in central and western China is formidable. Bumpy, two-lane roads winding around mountains cause perpetual traffic jams) 
Shanghai,SH,China -Gasgoo, by Carmen Lee -December 12, 2012: ... According to a cvworld.cn report appearing today, a total of 44,500 heavy trucks were sold in November. Although the number represents slight growth of two percent from October, it is still a full 20.6 percent less than last November's reported figure. November marks the sixth consecutive month that Chinese truck sales have failed to exceed 50,000 units... The vast majority of manufacturers saw their truck sales fall over the month. The top three manufacturers, Dongfeng Commercial Vehicle, Sinotruck and FAW, reported monthly sales of 9,600 trucks, 6,500 trucks and 7,950 trucks, respectively. Those results translate to negative year-on-year sales growth rates of 19.1 percent, one percent and 28.2 percent. They were followed by Foton Auman (6,500 truck sales), Shacman (5,600), Jianghuai (2,000), Beijing Benz (1,500), SAIC Iveco Hongyan (1,500) and Valin (1,002)...

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