CVWorld: China's heavy truck sales roar ahead by 42% YoY in July

Sales of heavy-duty trucks in China leapt further by a large 42% on year to 83,000 units on a wholesale basis in July, according to the latest preliminary estimate released by the Beijing-headquartered Commercial Vehicle World (CVWorld), a well-recognized market intelligence provider on China's truck manufacturing sector. If the actual result matches the estimate, last month’s sales would be higher than for any July since 2017 except for that in 2020.

The number also marked a fourth month of on-year growth, though compared with June, last month's total was 15% lower. This was because in June, truck manufacturers had aggressively undertaken sales promotions while taking advantage of trade-in policies to meet their half-year targets, the release noted. In addition to the rise in