Heavy Truck Sales Growth Turned Positive YoY in December 2024

[Heavy Truck Sales Growth Turned Positive YoY Last Month] At the end of 2024, the heavy truck market experienced a "year-end surge." According to the latest data released by CAAM, China's heavy truck sales in December 2024 reached 84,000 units, up 23% MoM and up 62% YoY, marking the first YoY positive growth in six months.

A representative from a heavy truck company told reporters that this was mainly driven by the trade-in policy for trucks and the accelerated infrastructure construction in some regions at the end of 2024, which boosted the release of heavy truck demand. Regarding the performance of the heavy truck market in 2025, the industry generally holds an optimistic outlook, expecting the sector to gradually recover.