CVWorld: China's Dec heavy truck sales jump 15% MoM

Sales of heavy-duty trucks in China were estimated at 79,000 units in December 2024, rising by 15% on month and soaring by 52% on year respectively, according to preliminary estimates released by Beijing-headquartered Commercial Vehicle World (CVWorld), a well-recognized market intelligence provider on China's truck manufacturing sector.

The December sales figures brought an end to a six-month streak of on-year declines in China's heavy truck market from June to November 2024, significantly boosting confidence across the industry supply chain, CVWorld highlighted. The surge in December sales was primarily attributed to demand growth driven by the country's trade-in policy, which provides subsidies for replacing old