In March this year, heavy truck sales in China amounted to around 113,000 units, down 24 percent year on year, but indicating a rebound compared to the 39,000 units recorded in February, according to the data issued by cvworld.cn, a Chinese auto industry information service provider.
Though heavy truck producers and spare parts companies resumed production in March, the industry chain did not begin to resume its activities until mid-March, with the delay negatively affecting heavy truck sales. Meanwhile, producers and companies in the worst-hit area - Hubei Province - did not resume large-scale production until the latter half of March and their production has not reached normal levels yet.
At an executive meeting of the State Council held on March 31, China’s Ministry of Finance (MOF) decided to replace subsidies with grants to support key areas, including Beijing, Tianjin, Hebei Province and others, to eliminate diesel trucks below national emissions standards, which will exert a positive impact on heavy truck sales in China in the current year.