China’s 2010 commercial vehicle market surpasses 1M units
COLUMBUS, Ind. — As the North American heavy-duty commercial vehicle market continues to strengthen, demand for such vehicles in China has surpassed one million units.
Sales of heavy-duty commercial vehicles in China reached 1.015 million units in 2010, according to researcher ACT Research. Fourth quarter sales reached 226,500 units, a 23% increase over Q4 2009 and a 11% increase over the third quarter of 2010, ACT reports.
When including the medium-duty truck and heavy-duty bus segments, the commercial vehicle market in China totaled 1.445 million vehicles in 2010 – a 42% increase over 2009 levels.
“After the peak of 2010, we expect the China commercial vehicle market to decline in 2011,” said Kenny Vieth, president and senior analyst with ACT. “After that market pause, sales are expected to return to a slow-growth path beginning in 2012.”
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