China Heavy Duty Truck Industry 2013-2017 Market Size, Share and Forecast Trends
Affected by the economic slowdown, the demand for heavy duty truck is in the downward trend continuously; coupled with the financial credit crisis, which limits the ability of financing vehicle purchase, the growth rate of global heavy duty truck market has decelerated since the second half of 2011. Mercedes-Benz, Volvo and other major commercial vehicle groups have implemented appropriate strategies, such as closing corresponding factories, reducing output and intensifying market adjustment in China and India.
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