China data points to a strong recovery in heavy truck sales +50% m/m, +52% y/y

[Nighthawk]

• heavy truck sales +50% m/m in April
• up 52% y/y

In Q1 sales of heavy trucks had dropped 16% y/y

The data is via industry information platform cvworld.cn

 

[optquant]

the demand for natural rubber is back which used to produce tires of heavy trucks

 

[BeautifulStranger]

• heavy truck sales +50% m/m in April
• up 52% y/y

In Q1 sales of heavy trucks had dropped 16% y/y

The data is via industry information platform cvworld.cn

Trucks sales in US are down about 50% as is load availability in the spot market. Spot freight rates are down and are below levels than are conducive to new truck purchases by many smaller trucking companies who don’t get the big boy discounts.

 

[optquant]

no worry, the reopen is coming.

Trucks sales in US are down about 50% as is load availability in the spot market. Spot freight rates are down and are below levels than are conducive to new truck purchases by many smaller trucking companies who don’t get the big boy discounts.