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China heavy truck sales fall 57% on year in January

ABSTRACT

Sales of heavy trucks in China last month declined at a faster pace of 57% on year to a total of 78,000 units, mainly due to the high base in January last year, according to a preliminary estimate released by Beijing-headquartered Commercial Vehicle World (CVWorld) on February 6.
By January, monthly sales for heavy trucks had dropped on year for nine consecutive months, Mysteel Global notes. CVWorld is a well-recognized market intelligence provider on China's truck manufacturing industry.   This time last year, robust sales of heavy trucks from the second half of 2020 had prompted most heavy truck manufacturers

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