CVWorld: China's heavy truck sales surge by 35% YoY in August

Sales of heavy-duty trucks in China from makers direct to dealers and for export notched up their fifth consecutive on-year increase in August to total 84,000 units, higher by a large 35% on year, according to a preliminary estimate released by the Beijing-headquartered Commercial Vehicle World (CVWorld), a well-recognized market intelligence provider on China's truck manufacturing sector.

If realized, total heavy truck sales over January-August would surpass the 700,000 units threshold at around 708,000 units, up by 15% from the same period last year, Mysteel Global notes. On the one hand, sustained upward momentum in heavy truck exports partly accounted for the impressive August result, with exports