Truck development

The data shows that in October 2012, car sales were 1.61 million vehicles, a year-on-year increase of 5% and a month-on-month decrease of 1%; cumulative sales from January to October were 15.7 million vehicles, a year-on-year increase of 3%. Among them, passenger vehicle sales amounted to 1.3 million units, an increase of 6% and a ring decrease of 1%; commercial vehicle sales amounted to 310,000 units, an increase of 1% and 2%. The sales of heavy trucks will pick up in 2013. The first is that a large number of cars enter the replacement cycle. Followed by the National Fourth Regulations to promote the update and replacement. The number of heavy trucks at the end of 2008 was 2 million, and the life cycle is 4-5 years. Therefore, the number of these 2 million vehicles will enter the replacement cycle. The increase in sales of heavy trucks is a high probability event.