China's Nov heavy truck sales reach year's low

Sales of heavy-duty trucks in China last month slumped by some 63% on year to around 50,000 units and made for the smallest monthly total so far this year, according to a preliminary estimate released by Beijing-headquartered Commercial Vehicle World (CVWorld) on November 30. If CVWorld's estimate proves correct, monthly sales will have dropped on year for seven straight months, Mysteel Global notes.

Compared with October, CVWorld estimates that the country's heavy truck sales last month also declined by 5.7%. Based on this, total sales over January-November would reach 1.34 million units, down 11.4% on year, as against the 6.4% on-year decline over January-October. CVWorld is a well-recognized market intelligence provider on