* New York - China Heavy Truck Industry
-- In 2014, China's heavy truck sales volume totaled 748,000 units, falling 3.32% year on year; the accumulative sales volume for Jan.-Apr. 2015 reached 193,300 units, a sharp reduction of 33.52% from the same period in 2014. That was mainly because growing economic downward pressure led to a slowdown in fixed assets investment so that the real estate market experienced volatile adjustment, thus resulting in a fall in demand for heavy trucks... Meanwhile, China began to implement national IV emission standards in January 2015, which brought cost pressure to carmakers and increased the users' procurement costs... On the other hand, the national IV standard-related facilities were still not well-equipped, such as insufficient denitration, a lack of urea supply centers, and less technical reserves of enterprises, which made some users take a wait-and-see attitude for new products, thereby, to some extent, restraining the demand for heavy trucks... As of June 2015, there were three major positive factors in China's heavy truck market that would boost demand: New projects – In 2015, China will expand the effective investment and set up the promotion mechanism of major infrastructure projects, including more than 420 projects from 7 major project packages with a proposed investment of over RMB10 trillion (1 U$S = 6,35 RMB). And shantytown renovation, railway, road, and infrastructure projects will drive the demand for civil engineering heavy trucks... In Sep. 2014, China introduced energy conservation and emissions reduction program, according to which around 600 yellow-label cars and old vehicles would be phased out, which would expand to a certain degree the new demand for heavy trucks... In 2014-2015, as China witnessed a rapid development in e-commerce, the express delivery demand grew at an astonishing pace, which brought huge demand for road transportation and logistics heavy trucks... In the new normal, China is adjusting its economic growth pattern, and heavy trucks are undertaking the changes in profit model and product demand. In future, high-tech, high added-value heavy trucks will become the mainstream of development trend... Read the China Heavy Truck Industry Report, 2015-2018, full report here ...
(Photo: Container trucks near a port in Shanghai. Most freight is moved by independent trucking companies, which have protested high taxes and fuel prices) -- NY, USA - PRNewswire -Oct. 7, 2015Labels: trucks markets worldwide
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