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ACT Research: Severe Setback for China’s CV Markets in Q1, Some Segments to Improve in Q2

Posted by Jennifer McNealy on Jun 30, 2020 10:00:00 AM

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.

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

ACT Research: Severe Setback Expected for China’s CV Markets in Q1

Posted by Jennifer McNealy on Mar 18, 2020 12:01:00 PM

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.

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Topics: China, Press Releases, transportation industry news, china heavy truck, china freight, 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


 

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