Commercial vehicle sales in China are projected to decline 7 per cent in 2011 compared to 2010. This information is included in the recently released China Commercial Vehicle Outlook jointly published quarterly by ACT and SIC, China’s State Information Center.
The report includes an overview of the Chinese economy and a review and forecast of China’s heavy- and medium-duty truck and bus markets, as well as analysis of OEM market shares within China.
“The pace of economic growth slowed during the third quarter, primarily due to a falloff in the rate of growth for both investments and domestic consumption,” says Frank Maly, director of CV transportation analysis and research at ACT. “However, inflation is has begun to moderate, and foreign trade grew at a better than expected pace.”