东吴证券指出，10月天然气重卡下滑+以旧换新政策尚未起效等因素拖累下，内销表现较弱。该行指出，江苏/安徽等部分国三车保有量大省以旧换新政策实际落地在10月中旬，11-12月将集中报废换新，10月即为景气底部。预计11月销量有望达5.5w+，同环比分别增长13%/增长23%及以上。Sinotruk (03808) is now down more than 4%. As of press release, it is down 4.04% to HK$21.35, with a turnover of HK$42.322 million.
The Zhitong Finance App learned that Sinotruk (03808) is now down more than 4%. As of press release, it is down 4.04% to HK$21.35, with a turnover of HK$42.322 million.
According to the news, First Commercial Vehicle Network released the heavy truck market sales data for October. In October, China's heavy truck industry sold about 0.063 million vehicles (wholesale caliber, including exports and new energy), up 9% month-on-month, down 22% year-on-year, and reduced by about 0.018 million vehicles. From January to October, China's heavy truck market sold about 0.746 million vehicles of various types, and the cumulative decline increased to 5%.
Dongwu Securities pointed out that domestic sales performance was weak due to factors such as the decline in heavy natural gas trucks in October and the trade-in policy not yet in effect. The bank pointed out that the trade-in policy was actually implemented in some provinces with large three-car owners, such as Jiangsu/Anhui, in mid-October, and that they will concentrate on scrapping and replacing in November-December, and October is the bottom of the boom. Sales volume is expected to reach 5.5w+ in November, up 13% month-on-month, and 23% and above, respectively.
