Driven by national and local engineering investment projects, the domestic heavy truck market has recently shown signs of recovery. According to data provided by China National Heavy Duty Truck Group Corporation, the company had orders for more than 500 vehicles a day in the past week, which led to a low sales volume in January, and the demand for heavy-duty trucks has grown significantly.
In January, China National Heavy Duty Truck Group produced and sold more than 4,000 heavy trucks, of which more than 930 were exported, a year-on-year decline. However, its domestic market share has increased to 37.64%. According to analysts from Sinotruck, this unusual sign indicates that the situation of other domestic leading heavy truck companies is worse.
Since February, due to the growth of market demand, CNHTC has increased the monthly production of 8,500 vehicles to 9,500 units, which will be the company’s largest output in February over the past year. According to the analysis, an important reason for the increase in orders in February was the start of investment in domestic related engineering projects, and increased demand for buying cars. From the point of sale, dump trucks account for about 80%.
View related topics: China National Heavy Duty Truck Breaks Monthly Sales Record for National Heavy Truck Industry
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