CVWorld: China's heavy truck sales fall 9.4% YoY in August

After a sputtering result in July, sales of heavy-duty trucks in China from makers direct to dealers and for export throttled down further in August, with the estimated sales volume for the month down by a marked 9.4% on year to reach only 83,000 units. This deepens from a 1% on-year decline in the actual sales registered in July.

The result is according to preliminary estimates released by the Beijing-headquartered Commercial Vehicle World (CVWorld), a well-recognized market intelligence provider on China's truck manufacturing sector. Based on this estimate, combined heavy truck sales over January-August will amount to nearly 828,000 units, still 16% higher on year thanks to the sector's overall robust performance in H1, according to CVWorld. The decline