Blog Banner

ACT Research: China’s CV Markets Report Sales Upticks in Q3

Posted by Jennifer McNealy on Dec 22, 2020 3:30:00 PM

According to the recent release of ACT Research’s China Commercial Vehicle OUTLOOK, China’s heavy and medium commercial vehicle markets reported an uptick in sales during 2020’s third quarter, following the ground lost from the severe setback in Q1’20 due to the COVID-19 virus and the recovery that started in Q2.

As the national impact of COVID-19 continues to abate, strengthening the economy, the commercial vehicle market in China is shifting in response to government policy. The single major market driver currently is the continued elimination of NSIII vehicles. The impact was expected to weaken entering 2021, but the policy is being expanded to also impact NSIV vehicles in major geographic areas. Other factors influencing vehicle demand as we look toward 2021 include a new axle-based highway tolls structure, continuing modal shifts toward water and rail, and the ongoing shift to e-commerce.

Used 12_22_20 (1)

The China CV OUTLOOK, jointly published quarterly by ACT and China’s State Information Center (SIC), includes a review and forecast of China’s heavy tractor and heavy and medium duty truck and bus markets, as well as analysis of OEM market shares within China and an overview of the Chinese macroeconomy. This quarterly report also includes access to monthly wholesale data, alternative fuels by CV application, market share percentage, industrial policy impacts, and competitive landscape.

SIC is affiliated with the National Development and Reform Commission of China and is engaged in research on the macro-economy, key industries and information technology.

ACT Research is recognized as the leading publisher of commercial vehicle truck, trailer, and bus industry data, market analysis and forecasts for the North America and China markets. ACT’s analytical services are used by all major North American truck and trailer manufacturers and their suppliers, as well as banking and investment companies. ACT Research is a contributor to the Blue Chip Economic Indicators and a member of the Wall Street Journal Economic Forecast Panel. ACT Research executives have received peer recognition, including election to the Board of Directors of the National Association for Business Economics, appointment as Consulting Economist to the National Private Truck Council, and the Lawrence R. Klein Award for Blue Chip Economic Indicators’ Most Accurate Economic Forecast over a four-year period. ACT Research senior staff members have earned accolades including Chicago Federal Reserve Automotive Outlook Symposium Best Overall Forecast, Wall Street Journal Top Economic Outlook, and USA Today Top 10 Economic Forecasters. More information can be found at

ACT’s 64th Seminar is scheduled for February 23-25, 2021. Focused on the continuous evolution and advancement of power and energy changes in the transportation and commercial vehicle markets, OUTLOOK Seminar 64 will feature key industry leaders such as Ryan Reed of Wabash National, John Bennett from Meritor, Lance Riegel of Marvin Johnson, and Dominick Beckman from Hino Motors. Look for more details on this event over the coming months and save the date for February’s event. Click here for seminar information. 

Click here to: 

Access more information about ACT’s CHINA Commercial Vehicle OUTLOOK.

Find details on other ACT Research reports and services.

Access Q2'20 China Commercial Vehicle OUTLOOK.

Access In the News Page.

Topics: Press Releases, transportation industry news, china heavy truck, china cv markets

About ACT Research

We're the leading publisher of industry data, market analysis, and economic forecasting services for the commercial vehicle and transportation industries.

2019 Lawrence R. Klein Award Winner: Most Accurate Economic Forecast 2015-2019

  Partner to LMC Automotive and the Chinese State Information Center

  Contributor to the Blue Chip Financial and Wall Street Journal Consensus Economic Forecast


Recent Press Releases