- Advertisement -
Friday, May 27, 2022
Home News Fleet Russian, Chinese truck markets ‘to recover’

Russian, Chinese truck markets ‘to recover’

Truck sales in Russia and China are expected to make a moderate recovery in 2016, after suffering steep declines last year, according to MAN Truck & Bus.

The market for trucks in the 6-tonne and above category plunged significantly in the two countries in 2015, with a 44% decline in Russia and a 32% decrease in China.

The Russian market is however expected to make a modest recovery in 2016, with about 7% growth expected, said Johan Björnör, senior vice president for truck sales at MAN Truck & Bus AG.

“Our projection is that there will be a small recovery by the end of this year versus last year, but still on a very low level,” Björnör noted at a press conference held during the Bauma exhibition in Germany. However, it is challenging to make accurate predictions about the Russian market currently, he admitted.

China too will bounce back, but will not see the double-digit growth recorded in previous years, he added. The Chinese market is expected to grow by 8% this year.

Meanwhile, the outlook for Latin America, which saw a 49% market decline last year compared to 2014, remains gloomy. Economic and geopolitical problems in Brazil have negatively affected sales in the rest of the continent, and the market is expected to shrink further in 2016.

“We see no recovery in the Brazilian market this year. On the contrary, it will go down further,” Björnör said, noting that a decline of 16% is expected in Brazil in the months ahead.

- Advertisement -
Jerusha Sequeirahttp://www.meconstructionnews.com
Jerusha Sequeira is a reporter contributing to Big Project ME and Truck & Fleet ME magazines. She writes news and features on topics across the construction, machinery and commercial vehicles industries in the UAE and wider Middle East and contributes to the digital platform daily. She graduated from the American University of Sharjah in 2014 with a BA in Mass Communication/Journalism. Jerusha has previously interned with the local daily Gulf News, and has worked with on-campus publications at AUS.
- Advertisement -

Most Popular

Fuel costs and driver technology top challenges at third Truck and Fleet Conference in Dubai

Dealing with rising costs and the technology in the market to keep fleets profitable were the main challenges and opportunities discussed at the third...

Daimler debuts Econic range with production slots available for region’s fleets

Daimler Commercial Vehicles MENA FZE (DCV MENA) has launched its new range of Mercedes-Benz Econic trucks into the Midlde East and North Africa region. First...

Bosch unveils $525mn green hydrogen plan

Bosch is investing up to $525 million towards the development of electrolyzer components under its Mobility Solutions business sector by the end of the...

BMW turning biomass into bodywork

The BMW Group is the first automotive manufacturer worldwide to use matt paints made from biomass instead of crude oil at its European plants....

Related News

Fuel costs and driver technology top challenges at third Truck and Fleet Conference in Dubai

Dealing with rising costs and the technology in the market to keep fleets profitable were the main challenges and opportunities discussed at the third...

Daimler debuts Econic range with production slots available for region’s fleets

Daimler Commercial Vehicles MENA FZE (DCV MENA) has launched its new range of Mercedes-Benz Econic trucks into the Midlde East and North Africa region. First...

Bosch unveils $525mn green hydrogen plan

Bosch is investing up to $525 million towards the development of electrolyzer components under its Mobility Solutions business sector by the end of the...

BMW turning biomass into bodywork

The BMW Group is the first automotive manufacturer worldwide to use matt paints made from biomass instead of crude oil at its European plants....

Last day to register for the Truck and Fleet Conference

The third Truck and Fleet conference will take place at Dubai's Radisson Red Hotel in the Silicon Oasis district of Dubai. Questions such as: Do...

LEAVE A REPLY

Please enter your comment!
Please enter your name here