Looking at China's commercial vehicle market, we can see that trucks are no longer the traditional heavy, medium, and light market divisions, but rather the heavy, medium, light, micro, and hanging five kinds of market games.
Heavy truck enters adjustment period
Since 2000, heavy-duty trucks (referred to as heavy trucks) have become the main models driving the surge in commercial vehicles. In 2002, heavy truck sales surpassed China Card for the first time. The development of the entire truck market towards heavy-duty and light-duty has become increasingly clear.
In 2004, 370,795 heavy trucks were sold in the Chinese market, an increase of 44.98% year-on-year. The heavy-duty vehicle market has experienced a rapid release for nearly five consecutive years and the market capacity has expanded rapidly. In 2005, under the influence of the national macro-control, fuel price hikes, and limited load control, the heavy-duty truck market experienced the first negative growth in eight years. From January to September, sales fell by 30.39% year-on-year, falling into the adjustment period. Despite this, the heavy truck market still shows its own characteristics: market concentration is still relatively high, from January to September sales of the top six corporate market concentration of 92.28%; heavy truck market suddenly rises, Anhui Hualing, Jianghuai Gealfa, Manufacturers such as Hubei Sanhuan are rapidly developing, exerting heavy pressure on the slow-moving heavy-duty truck market. Heavy-duty trucks have undergone improvements in practicality and comfort, and have entered the luxury stage. They are safe, environmentally friendly, energy-efficient, high-tech, and low in fuel consumption. Tonnage, high-power, high-end heavy trucks suitable for specialized transportation will become the mainstream of market development.
China Card Prospects Bullish
Since 1997, the China Card market has been in a narrow range of fluctuations, and the total market volume has fallen on the 150,000 vehicles.
In 2004, China Card sold 175,644 vehicles, a year-on-year increase of 28.79%; in January-August 2005, the total vehicle and chassis sales of China Card totaled 137,639 vehicles, an increase of 25.86% year-on-year. Although it cannot be asserted that the China Card Market has begun to grow up, it can be said that the “cards and mouths†of the China Card Market are being opened, and in particular, the China Card Market has broken the monopoly and its competitiveness has increased. The China Card Industry is an area in which the Chinese auto industry has independent development capabilities. During the “10th Five-Year Plan†period, the market for the China Card did not gradually increase its market concentration as other models, but instead exhibited a fragmentation effect, and the market share was gradually divided. From 12 in 1999 to 18 in 2005, it is expected that in the next few years, there will be many powerful agricultural vehicle companies involved in the China Card and light truck markets. The China Card Market presents a diversified, differentiated and personalized competitive landscape. The western market and the specific regional market are still the focus of competition among the Chinese card companies. Modified cars, special vehicles and special vehicles will occupy an important position in the card market. . The unique characteristics of these medium-sized card markets indicate that China Card is expected to look bullish.
Light trucks should not be underestimated
From January to September 2005, 559,778 light trucks were sold, an increase of 6.73% year-on-year; 77,497 light trucks were sold, a year-on-year increase of 55.33%. Not only did sales increase more than heavy trucks and medium trucks, but also absolute sales accounted for sales of trucks and trucks. 64.69% and 33.14%, light trucks in the truck market to maintain a certain growth trend, its base is still dominated by the truck market. Because the trend of development of heavy-duty trucks and light-duty trucks will further promote the expansion of the light-duty truck market; light trucks are small in size, flexible in transport, and have obvious advantages in the transportation of a large number of short-distance scattered goods; in order to solve urban traffic and pollution The problem is that the restrictions on medium- and heavy-duty trucks in large and medium-sized cities are increasing, and the demand for high-end light trucks is being promoted; the construction of township roads promotes the improvement of light trucks, in particular, the country’s mandatory scrapping of agricultural vehicles and the requirement for emission standards, so that the low-end light truck market Potential is expected to be released. The light truck market will have a diversified demand, and regional demand for high, medium, and low-end product demand will change, and the adjustment of light truck product mix will be promoted.
Micro card is not weak
In 2004, the country sold 171,451 micro-cards, an increase of 24.96% year-on-year, and its sales and increase were almost equivalent to those of China Card. From January to September 2005, 160,440 micro-cards were sold, an increase of 13.68% year-on-year; 7,455 micro-chassis chassis were sold, an increase of 113.26% year-on-year, and the highest increase was in the sales of trucks and chassis. Obviously, minivans are not weak, but there is considerable market space, especially the lower price and flexibility of transportation, and they have the market advantage of replacing agricultural vehicles. From the development trend, mini-trucks may become another market after the light trucks, which can be used for heavy trucks.
"Semi-hanging" still need to "care"
Semi-trailer tractors refer to commercial vehicles equipped with special devices for hauling semi-trailers. From January to September 2005, the country's semitrailer tractors sold 41,569 vehicles, a year-on-year decrease of 46.04%. Among them, 401 models with sales of less than 25 tons were sold, down 89.23% year-on-year; sales of 25-40 tons were 28,859 units, down 6.36% year-on-year, and sales of more than 40 tons were 8,689, down 2.04% year-on-year. Despite severe market setbacks, semitrailer tractors still have their own specific market space. With the development of highways, ports, terminals, and logistics, they will develop toward specialization and large tonnage.
As a means of production, trucks have a strong correlation with the growth of the country’s GDP. At present, the number of trucks held in China is 10 million. According to the economic growth rate of China, in the next 10 years, the number of loaded trucks is at least 2 times increase. He predicted that from the general trend, consistent with economic growth, China's trucks are expected to continue to grow for 10 years.
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