China’s Heavy Truck Demand Stays Weak in 1Q: ACT

With operational costs rising in a freight transportation slump, China’s heavy-duty market continued the downward spiral that began last year, according to the China Commercial Vehicle Outlook, whichis jointly published quarterly by ACT and SIC, China’s State Information Center.

“Continued weakness in freight economy has led to a significant pull-back in China’s heavy-duty truck production,” said Kenny Vieth, president and senior analyst at ACT. “However, growing discretionary income amongst Chinese is allowing for more travel. This has led to continued strong demand for buses.”

He added that growth in bus demand will be insufficient to offset the weakness in other segments of the transportation industry, however.

Related content: Heavy Truck Demand Down in 4Q in China: ACT

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