In January-May this year, sales of heavy trucks (including chassis and tractors) in China totaled 538,000 units, an increase of 22.0 percent year on year, according to preliminary data released by cvworld.cn, a Chinese auto industry information service provider.
In May alone, sales of heavy trucks in China totaled 103,000 units, up The 12.0 percent decline month-on-month was up 16.0 percent year-on-year, which was the highest May level in five years, although year-on-year growth signaled a slowdown from the 25 percent growth recorded in March and the 33 percent increase in April. Year-on-year growth in May showed the impact of the peak sales season, while major heavy-duty truck factories cut prices to lower inventory levels. Meanwhile, the geopolitical crisis in the Middle East had a negative impact on heavy truck exports in May.
