Patience for Recovery in Heavy Truck Market

www.chinatrucks.com. According to predictions from various economic statistics, the heavy truck market is likely to be seen with a recovery. However, the current situation has failed all the predictions. The reasons for this are time and patience.

Back to Nov.2010, the future heavy truck market was believed to plummet. However, the sales soared beyond 100,000 in Dec.2010, Jan. and Feb.2011. It is until 3 months later that the market began to fall. Actually, this was mainly due to the time needed for transmission mechanism of economy.

As convention tells, this mechanism usually takes 3 months. For example, after the launch of 4 billion Yuan stimulation released in 2008, the performance heavy truck market was barely satisfactory in Oct. and Nov. 2008, a turn was seen from the beginning of Dec. It is until Jan.2011 that a clear recovery was shown up, which was followed by the rocketing growth in Feb. The sales reached 100,000 in Mar.

Judged from economic statistics since Oct. 2012, economy, investment, export and production are all on the way to recovery and 3 months of time is probably needed for a strong rebound.

As statistics released by Shaanxi Auto shows, the orders have been on the rise despite the bad performance in Oct. Except the trace of recovery in Oct., other aspects also show favorable impacts on heavy truck market. It is estimated that the market of the following two months will not be as weak as the last months and a more promising future is expected to be seen in 2013.

 

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