China: commercial vehicle output and sale volume over 2M in’06

According to the latest statistics, China commercial vehicle output and sale volume reached 2,046,600 units and 2, 04 million units respectively in 2006, up 15% in both terms compared with last year’s and retained top place in the world. Last year, the output and sale volume of vehicle were7, 279,700 and 7,216,000 respectively, of which commercial vehicle accounts for 28%. 

Commercial vehicles comprise bus, truck, tractor, bus chassis and truck chassis etc. The volume of commercial vehicle has been rising for this decade but the percentage declined to less than 30% from 80%. In 2006 comprehensive growth of auto market drove the commercial vehicle growing, in which the volume of truck set the new records of 1,318,000 units and 1,317,200 units and the output and sale volume of tractor was up 61.92% and 64.18 respectively. Moreover, the output and sale volume of truck chassis reached 343,900 and 341,200 as the most driving force of auto market growth.
Senior insiders thought the reason of high growth of heavy tractor were raising oil price and fast development of express way, especially, the crackdown campaign of overloaded truck launched by government. For example, the volume of 25T to 40T truck popular in recent market increased to 74,600 units in 2006 from 39,700 units in 2005 which up 88%. 5 companies'sales volumes are over 10,000 units in which Beijing Auto Foton up 420% and Shaanxi Auto up 182%.