In our previous report, we believe that heavy trucks in the second half of the year are expected to be “not off-seasonâ€, based on the forecast that infrastructure investment and investment in real estate will remain high, demand for engineering heavy trucks will remain strong, and traffic volume of traffic will lead to recovery of tractor-trailer sales. The situation.
Judging from the current situation in various aspects, July heavy-duty truck sales are expected to increase compared to June, and the situation in August is more optimistic. The proportion of semitrailer tractors continues to increase. Due to the low proportion of semi-trailer traction of CNHTC, it is expected that its market share will decline in the second half of the year, and sales of other manufacturers will increase faster. Therefore, the benefits of Weichai Power are even more obvious. In July and August, its heavy truck engine sales are expected to show a sequential growth.
We expect heavy-duty truck sales in the second half of the year to be a high-probability event. Sales in the second half of the year are expected to remain flat compared with the first half of the year. Therefore, sales of Weichai Power in 2009 may be close to sales in 2008.
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