China's Heavy-Duty Truck Market Shows No Signs of Stopping

Oct 10, 2018 at 10:08 AM CST
In what is turning out to be a very difficult year for China’s motor vehicle industry, one bright spot is the country’s truck industry. After registering a stunning 52% increase in sales to an all-time high of 1.1 million units in 2017, sales of heavy-duty trucks increased another 15% in the first six months of 2018. While sales of heavy-duty trucks slowed in July and August, China’s truck makers will once again produce and sell more than one million heavy-duty trucks this year, making China the largest truck market in the world by a wide margin.

Oct 10, 2018 at 10:08 AM CST

In what is turning out to be a very difficult year for China’s motor vehicle industry, one bright spot is the country’s truck industry. After registering a stunning 52% increase in sales to an all-time high of 1.1 million units in 2017, sales of heavy-duty trucks increased another 15% in the first six months of 2018. While sales of heavy-duty trucks slowed in July and August, China’s truck makers will once again produce and sell more than one million heavy-duty trucks this year, making China the largest truck market in the world by a wide margin.