China Commercial Vehicle Sales and Production Show Recovery

The production and sale of commercial vehicles in June were at 527,000 and 536,000, respectively, which indicated growth through the influence of trucks, with sales volume setting a new historical record, according to the China Association of Automobile Manufacturers (CAAM).

The output decreased by 0.1% month-on-month and the sales volume increased by 3.1%, CAAM reported. The year-on-year growth was 77.9% and 63.1%, respectively. Among them, sales volume reached a new record high after April. 

From the perspective of subdivided vehicle models, passenger cars dropped slightly, and trucks showed a substantial growth driven by four types of vehicles. Among them, sales of light trucks hit a record high, and sales of heavy trucks hit a record high in June.

From January to June, the production and sales of commercial vehicles completed 2.359 million units and 2.384 million units, up 9.5% and 8.6% year-on-year, respectively, the association found. In terms of production and sales by model, the production and sales of passenger cars decreased by 9.6% and 12.4% year-on-year; the production and sales of trucks increased by 11.5% and 10.8%,  respectively.