China Commercial Vehicle Market Overview 2005
The growth of the commercial vehicle market in 2005 noticeably slowed down after a surge in 2004. The sales of trucks totaled 1,513,520 units, representing a slight improvement (+0.82%); the sales of buses & coaches reached 988,716 units (+0.1%); and that of trailers totaled 65,000 units: -32.1% less than last year.
SALES OF TRUCK, BUS & COACH IN '04, '05 (Unit: 10 thousand)
SALES OF TRAILER IN '04, '05 (Unit: 10 thousand)
The commercial vehicles are used in public transportation and freight transportation, so its market is closely related to and influenced by macro economy environment. As investments of individuals and enterprises, it is of critical importance for buyers to analyze economic policies and market trends. The steel and real estate market gradually cooled down since 2004, and the compulsorily shutdown of many minor coal plants which directly reduce the demand of freight transportation in 2005, but the development of the economy in China is still on a constant record, and with the improving policy environment of the transportation sector, the commercial vehicle market will develop to meet bigger opportunities.
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