Sales collapsed by 70%
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In 2015, China's heavy truck market experienced a significant decline, and the decline in dump trucks was even more tragic. In 2016, will the output of dump trucks be likely to increase? How will the newly revised GB1589 affect the heavy truck industry? 
Affected by the economic situation in China, the sales volume of dump trucks in China in the first three quarters of 2015 was only 74,000, a year-on-year drop of 70%. The reasons for the decline are threefold: First, the low operating rate of various projects in China in 2015; Second, the decline in the amount of iron ore mining, coupled with the state crack down on the rectification of small coal mines, crack down on the illegal exploitation of mining intensity; Third, the construction of all walks of life Investment growth slowed down and investment in railway real estate slowed. With such a large decline in 2015, how do dump truck manufacturers face the 2016 market? Analysts believe that the dump truck market in 2016 is worth looking forward to.
Cai Dong, general manager of China National Heavy Duty Truck Group, said that in recent years, the pulling effect of national investment on the heavy truck industry will appear in the second half of 2016. “After the manufacturers’ stocks have been digested, the market for dump trucks will begin to recover in the second half of 2016, and the sales volume will gradually increase.†Cai Dong believes that “the dump truck segment will have a big change in 2016.†Some urban projects have started one after another. For example, the construction of subways will increase the sales of city dregs.
In addition, the "One Belt and One Road" development may also stimulate the export of engineering dump trucks in 2016. “The state now emphasizes 'capacity cooperation, production capacity output'. With the 'Belt and Road' strategy, related road construction and other projects may stimulate the export of dump trucks.†Tan Xiuqing, an expert from the China Association of Automobile Manufacturers, told reporters, “Dump truck sales growth Worth looking forward."
The full implementation of the National IV emission standard on January 1, 2015, although it impacted on the 2015 heavy truck market, it is a good opportunity for 2016. Tan Xiuqing analyzed that in 2016, the heavy truck market will usher in opportunities for stability. “In 2016, the user’s demand for the National Quadruple Card will be fully liberalized, and sales in the first quarter will be 50,000 to 60,000 units,†said Tan Xiuqing.
The GB1589 mandatory national standard that is being revised expands the truck's payload quality and vehicle size, and a truck pulls more cargo at a time. In order to ensure the efficiency of transportation, the vehicle must have enough power to run in a fuel-efficient state. The big horsepower heavy truck not only comes from market demand, but also is the result of national policy orientation. “Using higher-horsepower heavy-duty trucks for standard transportation, the average speed is increased, the failure rate of vehicles is reduced, and the operational efficiency is naturally improved. At the same time, the use cost of vehicles is also reduced.†Tan Xiuqing told reporters, “With the logistics industry in China Development, and the implementation of the new version of GB1589 in the future, the type of 'small horse-drawn carts' and overloading may have been completely changed, and heavy-duty heavy trucks will become mainstream."