China heavy trucks sales jumped 59%YoY in June

Published: Jul 02, 2020 11:33 (GMT+8)
About 165,000 heavy trucks are estimated to have been sold in China last month, marking the highest for the month of June on record, cvworld.cn. reported on Wednesday.

SHANGHAI, Jul 2 (SMM) – About 165,000 heavy trucks are estimated to have been sold in China last month, marking the highest for the month of June on record, cvworld.cn. reported on Wednesday.

 

The sales slipped 8% from the previous month, but jumped 59% from June 2019, bringing the tally for the first six months of 2020 to 810,000 units, up 23% from the same period last year.

 

China’s heavy truck sales have staged a V-shape recovery, posting solid year-over-year gains for three consecutive months.

 

The sales surged 66% year on year in May, 61% in April, following declines of 19.3% and 51.8% in March and February, respectively.

 

The industry body expects China’s heavy truck sales to exceed 1.3 million units for the year of 2020, up from a record high of 1.17 million units for 2019.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
[SMM Precious Metals Express]
17 hours ago
[SMM Precious Metals Express]
Read More
[SMM Precious Metals Express]
[SMM Precious Metals Express]
China’s platinum group metal market takes a major step toward internationalization. Starting from September 28, platinum and palladium futures and options contracts on the Guangzhou Futures Exchange (GFEX) are open to qualified foreign investors. Launched in November 2025, the contracts have seen steady expansion of onshore trading volumes. Participation from overseas institutions is expected to further boost market liquidity and strengthen China’s influence in global platinum and palladium price formation.
17 hours ago
[SMM Precious Metals Express]
17 hours ago
[SMM Precious Metals Express]
Read More
[SMM Precious Metals Express]
[SMM Precious Metals Express]
Valterra Platinum stated that the deployment of Jameson flotation cells at its Mogalakwena PGM mine has delivered remarkable cost, energy and carbon savings. The installation cuts truck movements by around 3,000 per annum, reduces smelting power consumption by 70.5 MWh and lowers CO₂ emissions by approximately 70,000 tonnes, with annual cost savings of ZAR 203 million. These benefits do not include additional gains from improved metal recovery rates.
17 hours ago
Tharisa Places Karo Bond Proceeds in Escrow
19 hours ago
Tharisa Places Karo Bond Proceeds in Escrow
Read More
Tharisa Places Karo Bond Proceeds in Escrow
Tharisa Places Karo Bond Proceeds in Escrow
[SMM PGM Flash] Tharisa said on 25 September that the net proceeds of its US$300 million, five-year secured bond had been placed in escrow after a major settlement condition was met. Issued through Arxo Finance at 98% of face value, the bond carries an 11% coupon. Tharisa intends to use the proceeds to complete its Karo Platinum project in Zimbabwe, subject to the remaining conditions for releasing the money. The escrow step advances financing for a proposed source of platinum group metals on Zimbabwe’s Great Dyke. The money has not yet been released to Tharisa, and Karo is not a completed mine. The company targets first ore to Karo’s mill in the fourth quarter of 2027; both the drawdown and that operating milestone remain ahead.
19 hours ago