The reporter recently learned that in the heavy-duty truck market in February, a total of 29,000 vehicles were sold, a sharp drop of 47% from the 54,741 vehicles in the same period last year, and a decrease of 27.5% from January. Even in the case of orders in March, companies are also very unsatisfactory, and many corporate orders have fallen sharply year-on-year. Since March is a traditional peak season, its performance is directly related to the trend of the heavy truck market in 2015. If it continues to fall sharply in March, it will be worrying whether it can break through 700,000 vehicles in the whole year.
Specifically, in February, Dongfeng, Heavy Duty Truck and FAW sold 6,000, 6,600 and 3,200 vehicles respectively, a decrease of 39%, 33% and 62%. The decline of FAW heavy trucks was particularly fierce; Futian and Shaanxi Automobile sold 4200 in February. The number of vehicles and 2,500 vehicles (about 2,300 vehicles of Shaanxi Automobile Heavy Truck) fell by 43% and 71% respectively; the sixth Jianghuai sales of heavy trucks was 2,400 vehicles, down 27% year-on-year. Valin and SAIC Iveco Hongyan sold 805 heavy trucks and 402 respectively. The decline was 53% and 80%; the North Ben sold 750 vehicles, a year-on-year increase of 22%. Although it is the only positive growth enterprise among these heavy truck companies, the base is too small and the contribution to the market is quite small.
The heavy truck market in February was bleak. First, due to the late Spring Festival this year (February 18 is New Year's Eve), the traditional peak season started too late, resulting in a very weak terminal demand in February. Second, the economic growth continued to decline, overall The economic trend is very low. According to the National Bureau of Statistics and the China Federation of Logistics and Purchasing, the January 2015 China Manufacturing Purchasing Managers Index (PMI) was 49.8%, down 0.3 percentage points from the previous month. In February 2015, the official PMI index rose slightly from last month. 0.1 percentage points to 49.9%, although the manufacturing contraction has narrowed, but still below the 50% line. The continuation of this situation and the inability to improve on its own, so that the central bank has recently had to take the pill to save the market - from March 1, the People's Bank of China cut the benchmark interest rate of financial institutions' RMB loans and deposits, the one-year lending benchmark interest rate of financial institutions Revise down 0.25 percentage points to 5.35%; the one-year deposit benchmark interest rate is lowered by 0.25 percentage points to 2.5%. As a powerful drug of monetary policy, interest rate cuts have always been a last resort. It is still unknown whether it will be used by the current government for the second time. Whether it can save the rapid decline of the real economy.
In total, in January and February, the heavy truck market sold a total of 69,000 units, down 35% from 105,830 units in the same period last year. The first Dongfeng sold 15,800 units, down 17% year-on-year. It was a relatively small decline among mainstream companies; the second China National Heavy Duty Truck sold 14,600 units, down 24% year-on-year. FAW and Futian respectively sold a total of 0.86 million and 0.86 million heavy trucks, down 51% and 43% year-on-year. Shaanxi Automobile sold 0.67 million heavy trucks, down 52% year-on-year; Jianghuai heavy trucks sold 0.57 million units, down 13% year-on-year. Valin and Beiben sold 2,340 units and 1,579 units respectively in the first two months, down 30% and 5%. SAIC Iveco Hongyan fell the most, reaching 69% (1202 units sold in January-February).
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