China sold 630,000 heavy-duty trucks in 2009, up 17 percent over the previous year. And in the first four months, sales grew 132 percent to 383,000 units over last year, which made investment bank China International Capital Corp lift its full-year sales growth prediction from 10 to 15 percent previously, to 31 percent, with 838,000 units to be sold.
Johansson of Volvo also expects 25 to 30 percent market growth in China's heavy-duty truck segment. That compared with 10 percent growth in Europe and 15 percent recovery in the North America.
However, foreign truck makers still only control a small share of the world's biggest heavy-duty truck market, with more than 98 percent of the segment dominated by domestic manufacturers of medium- and low-end trucks, priced below 500,000 yuan ($73,210).
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For the reference:
the class 8 sales in usa for 2009: 94 789
the class 8 sales in usa for 2008: 133 473
the class 8 sales in usa for 2006 : 284 008
sources:
http://www.thetrucker.com/news/stories/2010/1/14/Class8salespostbestresultof2009inDecember.aspx
http://www.allbusiness.com/company-activities-management/sales-selling-sales-figures/11813410-1.html
In China six times more tuck been sold in 2009 than in the US.
Bubble?Probably a Zepelin.
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