CCMA: China's March excavator sales swell 26% YoY

After February’s slide in excavator sales due to the disruption of the Chinese New Year (CNY) holiday, China’s sales of excavators to both domestic and overseas customers regained steam in March, jumping by a large 26.4% on year to total 37,402 units, according to the latest data released by the China Construction Machinery Association (CCMA).

Specifically, China's excavator sales in the domestic market leapt by 23.5% on year to 24,101 units, which was also more than triple February's 6755 units, the CCMA data showed. The impressive rally was mainly attributed to the release of pent-up demand in the previous month, according to market sources. Meanwhile, excavator exports sustained high growth,