, China ranked the second in the world with the commercial vehicle production of 4.37 million in 2010, and was only second to the U.S.A.
In 2010, Chinese automobile industry was in good condition, enjoying a sustained increase in production, which gave an impetus to the development of Chinese commercial vehicle industry.
Chinese commercial vehicle segment market realized an all-round improvement in 2010. Passenger vehicle sales volume was 356,200 with a 31.30% increase YOY; truck sales volume was 2.83 million with a 25.83% rise YOY; semi-trailer trash bins tractor sales volume was 354,600, rising by 67.98% YOY; sales volume of non-complete passenger vehicles was 86,900, ascending by 4.93% YOY; that of non-complete trucks reached 675,100, going upward by 35.53% YOY.
Chinese booming automobile market not merely drew the attention of automobile manufacturers, but also attracted global commercial vehicle giants to enter Chinese market successively. Several European commercial vehicle groups adjusted their strategies in succession, and transferred their focuses to emerging markets including Chinese market.
In addition, continued implementation of national policies and regulations issued in 2009 also played a positive role in constantly increasing the demand for automobile products, thus promoting the development of the commercial vehicle industry.
On July 1, 2009, the National Standard Ⅲ began to be fully implemented for commercial vehicles. Fiscal subsidy and other policies promoted the passenger vehicle industry, especially raising the sales volume of new-en garbage compactor review .gov/community/blogs/expert-insight-and-news/business-planning-tutoria ls/business-planning-sales-forecast">helicopter technology ergy passenger vehicles. On Jan. 1, 2009, fuel tax reform was formally carried out, and domestic fuel price was slightly reduced in addition that 6 fees including road toll were canceled, resulting in the decline of vehicle operating costs. In April 2009, the Planning for Adjustment and Rejuvenation of Logistics Industry was formally launched, greatly pushing forward the development of the third-party logistics and urban distribution business as well as exerting a positive effect on the development of light and medium trucks.
However, development of the commercial vehicle industry also encountered the impact from other industries.
In 2010, with the improvement of global economic environment and the enhancement of inflation expectation, the steel industry faced greater pressure of rise in costs of iron ore and coke production, which was bound to be transferred to the downstream industries, thus increasing the raw material prices of the automobile industry. Rise of steel prices inevitably elevated the raw material purchasing cost of the commercial vehicle industry, which was adverse to corporate benefits and aggravated production and operation risks of the commercial vehicle industry. Therefore, in order to weaken the risks, enterprises implemented technology transformation and production adjustment.
Besides, with the increase of fuel price, corporate operating cost and associated cost of automobile value chain as well as transportation problems, restrictions were increasingly intensified on the automobile industry development.
However, since China is a developing country, it still needs to carry out infrastructure construction such as the construction of expressways, high-speed railways, real estate, airports and mines as well as implement reconstruction after natural disasters such as earthquake in Yushu of Qinghai p Kenmore Bisque 15 inchi rovince. Hence, Chinese demand for commercial vehicles remained greater than developed countries.
With the double influence of flourish domestic automobile industry and national policy support, demand of Chinese commercial vehicle industry remained extremely high.
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