Popular Posts BYD, AVSTA agree on battery electric school buses Two ways to use engine oil data to make better truck service decisions Challenges With Service Truck Cab Heating and Cooling Fontaine Modification names Jennifer Sweet vice president of work truck sales and business development Xos takes aim at the heavy-duty electric truck market Connect with us advertise with us
BYD, AVSTA agree on battery electric school buses
Two ways to use engine oil data to make better truck service decisions
Challenges With Service Truck Cab Heating and Cooling
Fontaine Modification names Jennifer Sweet vice president of work truck sales and business development
Xos takes aim at the heavy-duty electric truck market
Popular Posts BYD, AVSTA agree on battery electric school buses Two ways to use engine oil data to make better truck service decisions Challenges With Service Truck Cab Heating and Cooling Fontaine Modification names Jennifer Sweet vice president of work truck sales and business development Xos takes aim at the heavy-duty electric truck market Connect with us advertise with us
BYD, AVSTA agree on battery electric school buses
Two ways to use engine oil data to make better truck service decisions
Challenges With Service Truck Cab Heating and Cooling
Fontaine Modification names Jennifer Sweet vice president of work truck sales and business development
Xos takes aim at the heavy-duty electric truck market
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Fleet Equipment covers all the latest industry news and in-depth features related to trucks, tractors and trailers, including detailed information on the latest equipment components. Fleet Equipment tracks industry equipment trends, focusing on the issues that help fleets run the most efficient and productive trucks on the road. Fleet Equipment’s detailed editorial focused squarely on the equipment makes it an excellent resource for every fleet. The experienced editorial staff provides insights and solutions based on their many years in the trucking industry. Access to digital editions, contests, news, and more are ready for you today!
Fleet Equipment covers all the latest industry news and in-depth features related to trucks, tractors and trailers, including detailed information on the latest equipment components. Fleet Equipment tracks industry equipment trends, focusing on the issues that help fleets run the most efficient and productive trucks on the road. Fleet Equipment’s detailed editorial focused squarely on the equipment makes it an excellent resource for every fleet. The experienced editorial staff provides insights and solutions based on their many years in the trucking industry. Access to digital editions, contests, news, and more are ready for you today!
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According to the recent release of ACT Research’s China Commercial Vehicle Outlook, the Chinese commercial vehicle market has been reacting to the domestic and global surges of COVID, long-term pressures of market restructuring and new emissions regulations.
Domestic demand for heavy trucks fell more than 50% y/y, while the tractor market shrank almost 67% y/y and domestic demand for medium-duty trucks dropped 46% compared to the first quarter of 2021. The weakness continues into the second quarter, with the trough being late in the quarter. Slow recovery is expected throughout the second half of 2022.
With too many trucks chasing available freight, there was little improvement in freight rates, which restrained vehicle purchase demand. Previous emissions upgrade policies that generated prebuy demand have now resulted in a natural lull. Some support for new vehicle sales was a result of good performance from export markets.
This quarter’s commercial vehicle bright spot came from the large and medium bus market, reporting a mere 2% y/y contraction. That segment’s demand is supported by the country’s move toward the use of alternative fuels, particularly BEVs, for passenger movement, but in Q1 this was set against a backdrop of stunted passenger demand resulting from continuing COVID outbreaks.
The China CV OUTLOOK, jointly published quarterly by ACT and China’s State Information Center (SIC), includes a review and forecast of China’s heavy tractor and heavy and medium duty truck and bus markets, as well as analysis of OEM market shares within China and an overview of the Chinese macroeconomy. This quarterly report also includes access to monthly by-OEM wholesale data, alternative fuels market shares by CV application, market share percentages, industrial policy impacts, and an overview of the competitive landscape.
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