ACT Research: China Commercial Vehicle Demand Continues Softening in Q3

COLUMBUS, IN –The pace of growth of China’s economy slowed in Q3’14 from one year ago, declining to 7.3% from 7.8%. For perspective, full-year 2013 real GDP growth was 7.7%, continuing the decline of the past 4 years: 7.8% in 2012, 9.3% in 2011 and 10.4% in 2010.

This analysis is from the most recent China Commercial Vehicle Outlook, jointly published quarterly by ACT and SIC, China’s State Information Center. The Outlook 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.

“Investments, which drive truck demand, experienced some cooling in Q3,” said Frank Maly, Director, CV Transportation at ACT. “Heavy and medium truck markets will remain subdued in the near-term. However, the renewal of government subsidies supporting alternative energy buses, such as natural gas and electric, will continue to increase the share of these buses going forward.” Domestically, 129,000 heavy trucks and tractors were sold in Q3’14.

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.

For more information on ACT and the China Commercial Vehicle Outlook report, please visit