COLUMBUS, Ind. — Sales of heavy-duty commercial vehicles surged to 267,500 units in the first quarter of 2010, a 165 percent increase from the first quarter of 2009 according to a report published by ACT Research Co. LLC and China's State Information Center.
The recently released China Commercial Vehicle Outlook provides an overview of the China economy and its impact on sales of heavy- and medium-duty trucks and buses, including details on OEM market share. Highlights from the report include:
“Initial plans to cool the real estate market by increasing supply have not proven successful,” said Kenny Vieth, partner and senior analyst with ACT. “However, current efforts look more likely to cool demand, which will have a significant impact on demand for commercial vehicles in the second half of 2010 and into 2011,” added Vieth.
The China Commercial Vehicle Demand Outlook is published jointly by ACT and SIC and released quarterly. The next issue will be published in September 2010.
SIC is affiliated with the National Development and Reform Commission of China and is engaged in research on the macro-economy, key industries and information technology.
ACT publishes commercial vehicle (CV) industry data, market analysis and forecasting services for the North American market.
Kevin Jones of The Trucker staff can be reached for comment at firstname.lastname@example.org.
Find more news and analysis from The Trucker, and share your thoughts, on Facebook.