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In the first half of the year, commercial vehicle performance was not good, but it still showed a pick-up trend from month to month. Among the heavy-duty trucks, the profitability of the heavy-duty truck market increased significantly. In April, a total of 63,000 heavy-duty trucks (including heavy truck chassis and semi-trailer tractors) were sold. , increased by 2% from the previous month. Among them, the national major project investment has stimulated the growth of construction vehicles and the transportation chain has also seen a significant recovery. It is expected that the sales volume and structure of heavy trucks will gradually return to normal in the second half of the year. In 2009, heavy truck sales are expected to achieve flat or slightly negative growth, which is significantly better than market pessimism.
The latest automobile “renewal†policy has become a favorable policy for commercial vehicle sub-sectors. The expansion of subsidy amount, the increase of subsidy, and the expansion of subsidy range are conducive to the increase in the scrapping and replacement of commercial vehicles and increase the sales of new vehicles. In fact, as the light-duty trucks that account for nearly half of the commercial vehicles are being promoted by policies, the younger cards in the second half are expected to increase by another 20%.
Specifically, the consumption of heavy trucks is closely related to investment in fixed assets. Benefited from investment, domestic heavy trucks are used in domestic projects. At the same time, the national launch of the logistics industry revitalization plan, the beginning of the rebound of the port container, has caused signs of warming in the heavy-duty truck market for highway logistics; the cancellation of the government’s repayment of the second-grade road will also benefit the sales of logistics heavy trucks.
In recent years, the scale of large and medium-sized bus markets has steadily improved. The average growth rate of domestic passenger car demand is expected to maintain about 7% in the next 3-5 years, and the sub-sectors such as public transportation, long-distance, and tourism will maintain steady and rapid development.
Export business accounts for a large proportion of commercial vehicles. The severely damaged export business has caused a major drag on the performance of commercial vehicles. From January to May, the accumulated export delivery value reached 46.83 billion yuan, a year-on-year decrease of 36.97%. The industry is expected to increase its export business in the second half of the year, which will have a positive effect on commercial vehicles.