China’s robust heavy-duty truck sales sustain in January
Source: Mysteel
Feb 05, 2020 15:05
The heavy-duty truck sales totalled 116,000 units last month, as the earlier Chinese New Year (CNY) holiday in late January in 2020 instead of February as in 2019 has propelled some truck dealers to place orders before the holiday so as to receive the deliveries in time after the holiday for their retails, according to CVWorld.
Besides, the high sales in January were partially due to the fact that some major producers consciously left some unclosed deals from the end of 2019 until January, the first month of a new year, as a good omen for a prosperous year ahead.
It is a tradition for Chinese families and enterprises to move into new houses, offices or order new appliances or supplies to have a good start of a new year.
On the other hand, the months of October 2019-June 2020 will be crucial period for China to gradually remove the diesel-fuelled trucks that are only up to the Stage III emission standards from the road, replacing them with new models that can meet up higher emission standards, according to the release. Besides, Beijing’s intensified curtailing over truck overloading has contributed to the heavy-duty trucks sales, it added.
By the end of 2020, China aims to remove no less than 1 million units of diesel-fuelled trucks including those heavy-duty models and medium-sized ones (4.5-14 t) of only up to the Stage-III emission standards from the roads in the Fenwei Plains and the Beijing-Tianjin-Hebei and surrounding areas that have been identified as the most polluted regions in the country, as reported.
To facilitate the phase-out of the old heavy-duty trucks, China’s local authorities have issued various subsidy policies including monetary means, and Shanghai, for example, would compensate the owners of the old models as much as Yuan 116,000/unit ($16,571/unit) over October 2019-December 2020 for the replacement.
CVWorld warned, though, that for February and even until June the domestic heavy-duty truck sales may be affected by the delay in resumptions of ongoing construction projects or the launches of new project because of the Novel Coronavirus outbreak.
Written by Anna Wu, wub@mysteel.com
Edited by Hongmei Li, li.hongmei@mysteel.com
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