· Heavy truck sales in February increased to a record high

The heavy truck market is expected to sell 88,000 vehicles of various types in February this year, a 6% increase from the previous month, a substantial increase of 152% over the same period last year, and a net increase of 53,000 units. 88,000 vehicles also means that the heavy truck sales in February 2017 hit a record high in the heavy truck market in February. Prior to this, the highest point in the heavy truck market in February was in 2012, when the heavy truck market sold 78,000 units a month.

In August last year, the Ministry of Communications, the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Administration of Quality Supervision, Inspection and Quarantine jointly formulated the "Special Action Plan for Remediation of Over-the-counter Overloading of Road Freight Cars". The implementation of the governance of the New Deal prompted the logistics enterprises to accelerate the renovation and non-compliance. The vehicle transport vehicle, which will lead to a decline in bicycle capacity and largely drive the release of demand for heavy truck products. In addition to the governance of the new policy, the heavy truck industry will also usher in the peak demand period. In 2010-2014, China's heavy truck production and sales are at a historical peak, while the heavy truck replacement cycle is generally 6-8 years. It is expected to correspond from 2016. The replacement demand will gradually strengthen, which will effectively support the production and sales base of heavy trucks next year. In addition, fiscal policy expectations and accelerated PPP projects are expected to boost fixed asset investment and drive heavy truck demand.

In January of this year, even under the influence of the Spring Festival factor, China's excavator sales increased by 54% year-on-year; this is the fifth consecutive month of China's excavator sales; at the same time, China's heavy truck sales in January surged. 120%. In addition, China's freight volume growth in December 2016 hit its highest level in the year; a number of indicators continued to improve, allowing the market to expect China's economic growth rate in the first quarter of this year is expected to return to 7% growth.

According to the sales data of trucks released by China Association of Automobile Manufacturers, in January this year, the sales volume of trucks was 271,700, a year-on-year increase of 20.71%; the sales of heavy trucks reached 83,000, a surge of 125.15%. In fact, heavy truck sales rebounded as early as the fourth quarter of last year.

　

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