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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

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

 

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