The rebound of commercial vehicles shows a significant rebound in demand for heavy trucks


In October 2012, sales of heavy trucks reached 43,600 units, an increase of -23.41% year-on-year, and the year-on-year decline was narrowed. The sales of heavy trucks are basically bottomed out, and the rebounding trend of heavy trucks for commercial vehicles has been established. The main reasons are as follows:


1. The current sales of heavy trucks can no longer meet the normal update demand. According to estimates by the relevant agencies, the current domestic heavy truck inventory is about 4.2 million. Taking the 5-7 year update cycle as an example, the amount of scrapped and renewed vehicles is only between 616,400,000 units per year, while the estimated sales volume in 2012 is about 610,000 units. , is already below the minimum update requirement.


2. Investment in fixed assets is expected to rebound. With the approval of the projects approved by the Development and Reform Commission and the promotion of the new strategy for urbanization in the future, fixed asset investment is expected to boost demand for heavy trucks.


3. The implementation of the Fourth National Standard on July 1, 2013 may lead to advance overdrafts of certain requirements in the second half of 2013 and 2014. In this period, the heavy truck sales may usher in a small peak.



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