* Hong Kong - Analysis: Buyer preference shifts from low-cost to high-value ones
-- Till recently, sales of light, medium and heavy-duty commercial trucks in China were at an all-time low owing to a slow economy and the lack of innovative design ideas. However, the market is seeing a resurgence as rapid urbanization leads to a flurry of infrastructure expansions, accelerating the demand for commercial trucks both directly (logistics) and indirectly (construction). As a result, offering a competitive selling price, ensuring strong aftersales services, and improving technology and supply chain features will allow participants to expand their share in the Chinese commercial trucks market... New analysis from Frost & Sullivan, Strategic Analysis of Chinese Light, Medium and Heavy-Duty Commercial Truck Market, finds that unit shipments stood at 2.65 million in 2014 and estimates this to reach 3.63 million in 2022 at a compound annual growth rate of 4 percent... OEMs that fight the turf war on stronger technology rather than lowest cost will eventually stand apart in the Chinese light, medium and heavy-duty commercial truck market...
(Photo: Auman GTL has defined the value standard for heavy truck) -- Hong Kong, China - PRNewswire/MarketWatch - Sept 14, 2015Labels: truckmakers news China
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