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.
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 second quarter, versus the ground lost from the severe setback in Q1’20 due to the COVID-19 virus. Domestic heavy-duty truck sales rose 69% year-over-year, while tractor demand was up nearly 72% and medium-duty truck sales in China rose more than 44% year-over-year in Q2.
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.
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.
In 2008, a partnership between ACT Research and China's State Information Center was cemented by ACT President Kenny Vieth. This relationship provides information through ACT Research to forecast commercial vehicle demand in China for the benefit of Western companies interested in the Chinese market. If you're a Western company looking for insights into the Chinese commercial vehicle market, there is not another report quite like it. ACT's China Commercial Vehicle OUTLOOK is a quarterly report that reviews the macroeconomics of China, as well as deep dive into the transportation environment and industrial policies impact the Chinese commercial vehicle industry.
The types of business that should be interested in the ACT China Commercial Outlook are those businesses that are interested in transportation fuel/energy, manufacturing of alternative fuel for commercial vehicles, or supplying equipment or financing to companies using, considering, or developing alt fuel equipment/commodities/infrastructure as it applies to the China CV market. Other businesses are using this report to inform them of business cycle timing, planning and budgeting. Employment, procurement, and financial modeling.
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Additionally, a monthly flash is available the last week of each month (except months when full report is published) and includes wholesale data by:
- OEM and type
- market share %
- fuel and type
- tonnage or length
- monthly bulk commodity information
- usage explanation sheet
- PowerPoint graphs covering:
- Transport Environment & Investment
- Market Performance & Short-Term Forecasts
- Long-Term Forecasts
- Long-Term Factors
- Market Competition
- Market Share Trends
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ACT’s 63rd Outlook Seminar is scheduled for August 11-13, 2020, and will feature truck dealer, emerging technology, and economic panels, as well as discussions on near-term demand of North American commercial vehicle markets and the pending impact of electrification on the market in the near future. Click here for seminar information.
ACT Research hosts a series of one-hour webinars focused on the commercial vehicle industry. The first 45 minutes are devoted to a review of the commercial vehicle (CV) industry with emphasis on the economy, trucking trends, and industry statistics that provide insight on the direction of CV production and sales. Short-term forecasts are presented and explained. The remaining 15 minutes of the teleconference are devoted to questions and discussions with participants. All conferences begin at 11:00 a.m. Eastern. Click Here to register for our next Webinar.
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 www.actresearch.net.
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