China Commercial Vehicle Market Is Expected to Regain Stability
2009-05-14 Source：english.chinabuses.com
Summarize：Tong Dongcheng, Deputy General Manager of Dongfeng Automobile Company and General Manager of Dongfeng Commercial Vehicle Company said to the Xinhua journalist that with the gradual implementation of n ...
Tong Dongcheng, Deputy General Manager of Dongfeng Automobile Company and General Manager of Dongfeng Commercial Vehicle Company said to the Xinhua journalist that with the gradual implementation of national investment projects, domestic commercial vehicle market, especially the medium and heavy sized truck market is expected to regain stability instead of drop in the second half year.
Tong Dongcheng said that sales of domestic commercial vehicle, especially sales of medium and heavy sized trucks began to decline for the first half of last year because of the new state mission standard. Sales decline continues because of the impact of the global financial crisis on the real economy for the second half of last year. According to the survey of Dongfeng Commercial Vehicle Company, car flow per kilometer in Beijing-Zhuhai expressway is less than 10 vehicles in November last year, car flow per kilometer in Shanxi and Inner Mongolia's coal-channel is only one-sixth of the past. Significant reduce of logistics contributes to rapid shrinkage commercial vehicles market. At the end of last year, national inventory of medium and heavy sized trucks were more than 80000-100000 units, which was equivalent to 1／6 or1／7 of the annual sales.
Tong Dongcheng pointed out that the current international financial crisis has not reached the bottom; the world's major automobile enterprises are facing the severe test of the survival and development. It is gratifying that with the introduction of positive macro-policies, China's economy gradually recovers, and the situation in the automobile industry is getting better. The demands for Agricultural vehicles and engineer self-discharging vehicles are growing, especially in central and western regional market and post-disaster reconstruction market. Dongfeng commercial vehicles has the sales of nearly 30,000 units during the first quarter, though it’s still declined compared with the same period last year, it has resumed growth monthly. In March, the sales volume almost double year on year. Sales have been more than the output since April.
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