Domestic heavy trucks are hard to sustain in the second half of the year
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On July 1, the commercial vehicle country III emission standard policy was formally implemented, and the heavy truck companies faced the severe test of the country's II large number of inventory vehicles and breakthrough country III technical bottlenecks. This transition period led to the early release and early “overdraft†of China II heavy truck sales this year, showing an abnormal phenomenon of “blowoutsâ€, but with the implementation of the commercial vehicle country III emission standards policy, it is certain that the heavy trucks in the second half will be very hot Follow.
The implementation of the State III policy will lead to an overall upgrade of the technical requirements for heavy truck engines, which will directly lead to a substantial increase in the cost of bicycle engines. Therefore, the heavy-duty truck industry is facing a historic inflection point, experiencing a severe test of huge cost pressures, industrial adjustments and product upgrades.
In the first five months of this year, the heavy-duty truck market saw a boom in production and sales. The sales of heavy trucks in China totaled 318,000 vehicles, an increase of more than 50% year-on-year. From the accumulated sales rankings of heavy truck (including semi-trailer tractors and non-integrated vehicles) industry enterprises from January to May, the top three companies were FAW, Dongfeng, and CNHTC, which increased by 57.65%, 82.90%, and 40.63% respectively. Since June, the production and sales situation of the hot weather has turned sharply. According to heavy-duty card companies, orders for June decreased by 40% to 50% from May. Some enterprises have previously complained about the problem of insufficient capacity and turned into excess capacity. China National Heavy Duty Truck and other enterprises began to strictly control the production of heavy trucks under the National II emission standards, and it is necessary to ensure that the vehicles are handed to users who have already booked cars before June 30, and that blind production will cause new inventory. Generally expected to have been the third quarter of the off-season sales season, market conditions will be even cooler.
However, post-disaster reconstruction requires a large number of commercial vehicles, and from May onwards, coal, electricity, oil, and transportation are generally strained throughout the country, and logistics transportation tasks are extremely arduous. This will have a major impact on the heavy truck market, bringing major business opportunities. In addition, China's heavy-duty truck products also have a vast overseas market. Take CNHTC as an example, it has formed the CIS, Middle East, Africa, Southeast Asia, and South America five major plate markets. The business scope of each export unit has been clearly divided. In recent years, the manufacturing cost of heavy trucks in China is declining year by year. Although the gradual appreciation of the renminbi has pushed up the export prices of vehicles to a certain extent, in the long run, the overall cost-effectiveness of Chinese vehicles relative to European and American products will remain relatively long. time. Therefore, it is expected that the off-season in the heavy truck market will not last long.
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