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China sees strong heavy truck sales in Jan-Feb
Shanghai. March 21 (Gasgoo.com) – China has seen a strong surge of heavy-duty truck sales in the first two months of this year and the momentum is unlikely to subside in the first half of this year, according to the Beijing-based newspaper China Automotive Industry News.
China’s biggest heavy-truck maker China National Heavy Duty Truck Group Co sold 17,925 heavy duty trucks in the first two months, up 40 percent from one year earlier; While China’s second heavy truck maker, Shaanxi Heavy Truck Co sold 9,000 heavy-duty trucks in the same period.
Industry insiders say the strong surge of heavy truck sales is related to a new regulation stipulated by China’s Environmental Protection Agency. Under the new regulation, China will ban all production and sales of heavy trucks that cannot meet EU-III emission standards as of July 1 of this year.
Heavy-duty trucks complying EU-III emission standards cost RMB 30,000-40,000 than a similar trucks that meet EU-II standards, according to a Beiqi Foton heavy truck sales official.
Sales of heavy duty truck may become more vigorous in March and April because both heavy truck makers and buyer to complete their deal before the ban comes into effect in July, according to the Beiqi Foton sales official.
Since many heavy truck makers expect a slump market in the second half, they expect to complete 60%-70% of the full-year target in the first half year.
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