According to the recent release of ACT Research’s China Commercial Vehicle OUTLOOK, China’s heavy and medium commercial vehicle markets suffered a severe setback in Q1’20 due to the COVID-19 virus. The truck portion of China’s commercial vehicle market has already shown a significant recovery in the first two months of 2020’s second quarter.
Topics: Press Releases, transportation industry news, china heavy truck, china freight, china cv markets
According to the recent release of ACT Research’s China Commercial Vehicle OUTLOOK, China’s heavy and medium truck markets, including tractors, are expected to suffer a severe setback in Q1’20, before a small recovery in Q2. The report also explained that policies like “reducing human gathering and mobility” in response to the virus outbreak were a heavy blow to freight demand, which harmed medium and heavy duty truck demand. These same forces have dramatically reduced the medium and large bus forecast.
Topics: China, Press Releases, transportation industry news, china heavy truck, china freight, china cv markets