Price of Commercial Truck: A 0.66% Sequential Drop in September

Price of commercial vehicles declined on a 0.10% sequential basis and a 0.84% year-on-year basis after a rise. Among which, commercial trucks reached a 0.66% sequential decline and a 0.89% year-on-year decline. For light trucks, medium trucks and heavy trucks, the price fell by 0.44%, 0.06% and 1.04% on a sequential basis respectively, meanwhile, 2.88%, -1.38% and -1.55% of year-on-year growth was also seen in these categories. For Commercial passenger vehicles, the price grew 0.32% compared with last month and declined on a 0.83% year-on-year basis. The price of light passenger vehicle almost stayed stable with 0.34% decline compared with last month. A 0.43% sequential growth and a 0.96% year-on-year drop were seen for large buses.

Price of import vehicles kept the downward trending, In September, price of import vehicles declined on a 0.04% sequential basis and 3.96% on a year-on-year basis. Among which, the price of import SUVs drop by 0.37% sequentially and 3.39% on a year-on-year basis. Meanwhile, the price of import limousines rose by 0.28% on a sequential basis and drop by 4.45% on a year-on-year basis.

Seen from the current trend, the price of domestic vehicles will continue to slightly drop in the forth quarter.