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Jun 30, 2007

TRUCKS' MARKET NEWS * China

* Chinese Truck Market Heats Up
Beijing,China -By RNCOS, Automobile Industry Research (Delhi, India) -June 29, 2007: -- ... Over the past four months, there has been a strong rise in the demand for vehicles in China, primarily due to the increasing demand for trucks and economic growth. As a result, the sales of these vehicles have touched new heights. As per the findings of China Association of Automobile Manufacturers, the production for all vehicles increased by 22% that means sale of 710,200 units. However, commercial vehicles' sales increased 30% to reach 225,100 units... The positive effect on the sales was observed in the whole range of trucks comprising of trucks of various sizes (medium, mini, light), vans, semi-trailer tractors, and unfinished vehicles. The 22% rise was for all of the sorts of trucks however for light trucks the rise remained somewhat less. The highest profit was marked by heavy truck sales, representing a year on year growth of around 59.67%...

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