New Sales Record: Over 200 Thousand Heavy Trucks!--Why the demand declining but the sales soaring?

New Sales Record: Over 200 Thousand Heavy Trucks!--Why the demand declining but the sales soaring?

New Sales Record: Over 200 Thousand Heavy Trucks!--Why the demand declining but the sales soaring?

According to the www.cvworld.cn, the China heavy truck market is expected to sell about 200,000 vehicles of various types in April 2021, saw a month-on-month decrease of 13 percent and a year-on-year increase of 5 percent. This year from January to April, the accumulated sales volume of heavy truck is over 730,000, up 57% over the same period of last year.

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The sales volume of about 200,000 vehicles also broke the historical record of the heavy truck market's sales in April, which was less than 10,000 more than the same period last year (191,200 vehicles). Don't underestimate this net increase of less than 10,000 vehicles. You must know that last April was the previous record "holder" of monthly sales in the global heavy-duty truck market. This record was not broken until March of this year.

At the same time, this is also the 13th consecutive month that the heavy-duty truck market has set a record. From April 2020 to April 2021, the monthly sales volume of the heavy-duty truck market has set a new monthly sales record, creating a new monthly sales high.

Why is terminal demand declining but sales volume increasing?

According to the analysis of the www.cvworld.cn, there are two main reasons for this.

First of all, demand does continue to decline. Since mid-April, orders for heavy-duty truck dealers in many regions have declined rapidly, and the terminal demand situation is not optimistic. In April, due to the impact of environmental protection and production restrictions across the country, the logistics industry's prosperity continued to decline. In many areas, the road freight volume was insufficient and the freight rate decreased. There was an obvious phenomenon of more vehicles and less goods. In this case, the demand for new heavy trucks is obviously weak, which has led to a continuous decline in customer orders for dealers. Especially after mid-April, dealers in many places have reported that orders have fallen sharply, channel inventory is high, and the market is worrying.

Secondly, the sales volume of the industry achieved year-on-year growth on the basis of a high base in the same period last year, mainly due to the State Six. From July 1st this year, the State Six emission regulations for heavy-duty diesel vehicles will be implemented nationwide. The Ministry of Environmental Protection and the Ministry of Industry and Information Technology have also issued the "Announcement on Matters Concerning the Implementation of National VI Emission Standards for Heavy-Duty Diesel Vehicles." The "Announcement" clearly requires that from July 1st, 2021, the State Six emission standards for heavy-duty diesel vehicles shall be fully implemented nationwide, and the production and sale of heavy-duty diesel vehicles that do not meet the State Six emission standards shall be prohibited. Imported heavy-duty diesel vehicles shall comply with the State Six emission standards.

2021-05-29

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