China Commercial Vehicle Demand Continues Softening in Q3

According to the latest research, the pace of China’s economy slowed in Q3’14, with growth of 7.3% on a year over year basis. 

This economic cooling, albeit subtle could act as a constraint on commercial vehicle demand in China for Q3.

“Investments, which drive truck demand, were relatively strong, but experienced some cooling in Q3,” said Frank Maly, Director – CV Transportation Analysis and Research at ACT, which issued the findings.

“Heavy and medium truck markets will remain subdued in the near-term. The renewal of government subsidies supporting alternative energy buses will buttress the alternative fuel share of that market in the future,” Maly added.

For perspective, full-year 2013 real GDP growth was 7.7%, down slightly from 7.8% in 2012, 9.3% in 2011 and 10.4% in 2010.

Category: Featured, General Update, Vehicles