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Jul 3, 2012 11:35 AM

With a freight transportation slump and operational costs  rising, China’s heavy duty market continued the downward spiral that began last  year, according to the recently released China Commercial Vehicle Outlook, whichis  jointly published quarterly by ACT and SIC, China’s State Information Center.  It includes an overview of the China economy and a review and forecast of  China’s heavy- and medium-duty truck and bus markets, as well as analysis of  OEM market shares within China.

  “Continued weakness in  freight economy has led to a significant pull-back in China’s heavy-duty truck  production,” said Kenny Vieth, president and senior analyst at ACT. “However,  growing discretionary income amongst Chinese is allowing for more travel. This  has led to continued strong demand for buses.” He added that growth in bus  demand will be insufficient to offset the weakness in other segments of the  transportation industry, however. 

   SIC is affiliated with  the National Development and Reform Commission of China and is engaged in  research on the macro-economy, key industries and information technology.

  ACT is the worldwide leading  publisher of new and used commercial vehicle (CV) industry data, market  analysis and forecasting services for the North American market, as well as the  U.S. tractor-trailer market and the China CV market. ACT’s CV services are used  by all major North American truck and trailer manufacturers and their  suppliers, as well as the banking and investment community.