The natural gas heavy truck market at the beginning of 2019
In January, the natural gas heavy truck market soared 5 times. A list of the top five companies such as FAW, Shacman and Foton was released!
Is the natural gas heavy truck market at the beginning of this year really good? As is known to all, in the fourth quarter of last year, driven by multiple favorable factors such as stable gas prices, large oil and gas price differentials, and the start of the coal transportation vehicle market, natural gas heavy trucks have risen all the way, and almost succeeded in reversing the heavy truck market in the last two months of 2018. After making its decline for four consecutive months (July-October), it finally turned from negative to positive, which is the biggest highlight of the heavy truck market at the end of 2018.
So, is the natural gas heavy truck market in early 2019 still so hot? According to the data of cvworld.cn, in January this year, the domestic natural gas heavy truck market sold about 8,500 units, a substantial increase of five times over the same period of the previous year. The top five were taken up by FAW, Shacman, Fonton, Sinotruk and SAIC Hongyan. The enterprises with a sales volume of more than 1,000 vehicles include FAW and SAIC Hongyan, of which natural gas heavy trucks of FAW sold more than 5,000 vehicles.
The top five sales and growth rates of natural gas heavy trucks in January 2019
Two factors can explain why the natural gas heavy truck market and major companies grew so much at the beginning of this year. On the one hand, the natural gas heavy truck industry at the beginning of 2018 was affected by the “gas shortage” at the end of 2017. The overall market was at a low level, and the demand for the natural gas heavy truck segment was extremely bleak. Therefore, the low base in the same period last year laid the foundation for this year's high growth. On the other hand, some heavy-duty truck companies left part of the wholesale sales at the end of last year to the beginning of this year, which is also one of the main reasons for the burgeoning market in January.
Overall, in the first quarter of this year, the market demand and orders for natural gas heavy trucks will continue to grow substantially compared with the same period of last year. Especially in March, with the arrival of the traditional peak season, the natural gas heavy truck market is ushering in a new round of development opportunity
Is the natural gas heavy truck market at the beginning of this year really good? As is known to all, in the fourth quarter of last year, driven by multiple favorable factors such as stable gas prices, large oil and gas price differentials, and the start of the coal transportation vehicle market, natural gas heavy trucks have risen all the way, and almost succeeded in reversing the heavy truck market in the last two months of 2018. After making its decline for four consecutive months (July-October), it finally turned from negative to positive, which is the biggest highlight of the heavy truck market at the end of 2018.
So, is the natural gas heavy truck market in early 2019 still so hot? According to the data of cvworld.cn, in January this year, the domestic natural gas heavy truck market sold about 8,500 units, a substantial increase of five times over the same period of the previous year. The top five were taken up by FAW, Shacman, Fonton, Sinotruk and SAIC Hongyan. The enterprises with a sales volume of more than 1,000 vehicles include FAW and SAIC Hongyan, of which natural gas heavy trucks of FAW sold more than 5,000 vehicles.
The top five sales and growth rates of natural gas heavy trucks in January 2019
Two factors can explain why the natural gas heavy truck market and major companies grew so much at the beginning of this year. On the one hand, the natural gas heavy truck industry at the beginning of 2018 was affected by the “gas shortage” at the end of 2017. The overall market was at a low level, and the demand for the natural gas heavy truck segment was extremely bleak. Therefore, the low base in the same period last year laid the foundation for this year's high growth. On the other hand, some heavy-duty truck companies left part of the wholesale sales at the end of last year to the beginning of this year, which is also one of the main reasons for the burgeoning market in January.
Overall, in the first quarter of this year, the market demand and orders for natural gas heavy trucks will continue to grow substantially compared with the same period of last year. Especially in March, with the arrival of the traditional peak season, the natural gas heavy truck market is ushering in a new round of development opportunity