In 2003, the heavy-duty truck market in China changed dramatically. Heavy-duty trucks quickly fell back from the previous year's 50% increase by 50%, and the growth rate was less than 5%. There was a serious shortage of upside momentum, and stagflation was extremely obvious. In addition to the slowdown in the growth of the national economy this year, this sluggish performance is also closely related to the size of the market. The rapid development of the heavy-duty truck industry requires a buffer adjustment, which will be more conducive to the market's redeployment.
In the second half of 2003, the economic growth rate of the country slowed down, and the suspension of consumer credits in particular caused the development of heavy trucks to worsen. According to the Morgan Stanley Corporation of the United States, the outstanding loan still grew by 21.4%% in 2003 and a new round of non-performing loan crisis emerged. Therefore, according to the current trend of development, it is still unclear that consumer loans have thaw in trucks in recent days and even in 2004. According to forecasts, the GDP growth in 2004 will not exceed 7%. Under the background of a slowdown in the national economy, the It is obviously difficult to establish a striding growth in 2004. Due to the characteristics of the means of production, heavy trucks are closely related to the development of the market and the development of the national economy. In view of this, the prototype of heavy truck adjustment year was established in 2004.
From the decade of 1993 to 2003, the annual production and sales of heavy trucks soared from more than 30,000 vehicles to 250,000 vehicles, and the market scale has soared to 1 million. The huge numbers tell us that there may be excess capacity. In recent years due to the continuous influx of competitors, the market space and benefits have been drastically reduced. Ten years of grinding a sword, heavy trucks are a long-lasting battle. If the day when the sword is scavenged, it would be awkward to find a pile of counterfeit counterfeits on the market.
Enthusiasm for making systems and chasing after the big inventory of China's heavy trucks, 2003 saw the most ornamental and chasing big. The department made the devaluation of the financial market as the hero of the Delong International, under the leadership of Shaanxi Heavy Duty Truck, Chongqing Heavy Duty Truck and other host plants, but also severely attacked the Shaanxi Dental Fast, ZF gearbox, dental plant and other enterprises. With the further deepening of its ancestry, as long as these enterprises can be well organized, the integration of superior resources will be more powerful. Making a line in the adjustment of the heavy truck era where to go, will be the first major point of view in 2004.
The hot pursuit of heavy trucks in 2003 was still an eye-catching performance. For the newly joined companies, this desire for performance is even more straightforward. Once joined, it claims to have an annual output of 20,000 vehicles and 30,000 vehicles. Everyone cares more about the fragility of this paper's prosperity. The competition for heavy trucks needs to use internal strength to speak. Not only does it need scale, but it also needs efficiency. Only with certain profit indicators and a certain economic basis can a safe and reliable heavy truck be built for the society. The top five western heavy truck companies each have their own characteristics. From a purely quantitative point of view, MAN companies will not be embarrassed by their second position. IVECO will not complain about their own status as the fifth and their characteristics are: We will not blindly chase the big and will not be proud of ourselves. This kind of realm requires us to learn together.
The joint venture is getting more and more intense. Heavy truck market news in 2003 has continued to be a good show. One of these phenomena is the return of youth. Some industry experts have written that the heavy truck phenomenon is concerned about who is behind the station. Why does this happen, and now the heavy-duty competition in the heavy-duty industry is heavy, and everyone is concerned about how to get it as soon as possible? How to create performance in a short time? However, ignoring the laws of the development of things, we need to be gradual and progressive, and heavy trucks will lose even more important popularity in the face of blindness.
Mercedes-Benz came in 2003, with disdain and conceited, so that heavy truck companies fascinated, small pilot FAW, and then play BAIC, how handsome. In 2003 MAN came, with the German in the passenger car industry is not fierce performance, with the F2000, TGA's Gemini constellation in the domestic long-winded dance, Huashang Shaanxi heavy steam to envy the parties. Nissan and Renault's presence in 2003 made the industry amazing time and eventually became affiliated with Dongfeng. In 2003, VOLVO came and took FM products to make the market shake for quite a while.
The price war will inevitably reduce the annual growth rate of heavy-duty vehicle sales in China in the next few years. In the past ten years, the production and sales volume of heavy-duty vehicles in China have basically fluctuated between 336,000 units in the first seven years. In 2000, there was an explosive growth of 70% in 2002. It grew by about 5% in 2003 and increased by about 3% in 2004 and 2005. Based on this tone, 2003-2005 was the adjustment period for heavy trucks, which basically maintained the market between 240,000 and 290,000 vehicles and basically fluctuated within the range of 3% to 6%.
Relevant sources pointed out that 2004 will be the key to the collapse of the price of heavy trucks. In 2003, subject to the further expansion of the scale of enterprises, the production capacity of various companies has increased dramatically. The product lines of all companies are moving up and down, and the product level is further enhanced. With the increase, at the moment of heavy truck disputes, the weak foundations were reflected most vividly. Some people pointed out that the price war did not hit other deaths; they fought for death. The price war is imminent, reflecting the fact that the market concept of various companies still remains in the planned economy and is still struggling under the market economy. How to get rid of the shadow of the blind price war as quickly as possible is an important issue that is placed on the heads of every heavy truck company executive.
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