- Advertisement -
Thursday, March 28, 2024
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

MAN rolls out battery repair centres in Europe

MAN Truck & Bus has revealed that it is investing milions of Euros into establish battery repair centres across Europe over the next two...

Volvo Cars ‘reconfirms commitment to sustainability’

Volvo Cars has announced an expansion of its sustainability strategy, setting bold objectives for 2030 and 2040, with a heightened emphasis on biodiversity. The...

Radar tyres uveils All-Season range in Finland

At a recent event held in Ivalo, Finland, Radar Tyres introduced its new DIMAX WINTER and DIMAX ALL SEASON tyre ranges, developed in collaboration...

Al Ghandi Auto unveils GM offers for Ramadan

Al Ghandi Auto, dealer partner for Chevrolet and GMC in Dubai and the Northern Emirates, believe it has assembled a host of attractive offers,...

Related News

Almost half of visitors to the UAE use chauffeur services, survey finds

A recent study conducted by Blacklane Middle East, a leading provider of chauffeur services focused on safety, sustainability, and stress-free travel, has shed light...

Volvo Cars ‘reconfirms commitment to sustainability’

Volvo Cars has announced an expansion of its sustainability strategy, setting bold objectives for 2030 and 2040, with a heightened emphasis on biodiversity. The...

Radar tyres uveils All-Season range in Finland

At a recent event held in Ivalo, Finland, Radar Tyres introduced its new DIMAX WINTER and DIMAX ALL SEASON tyre ranges, developed in collaboration...

Al Ghandi Auto unveils GM offers for Ramadan

Al Ghandi Auto, dealer partner for Chevrolet and GMC in Dubai and the Northern Emirates, believe it has assembled a host of attractive offers,...

Fleet and Mobility Summit 2024 announced for June in Dubai

The Fleet and Mobility industry is set to gather in Dubai this June for the highly anticipated Fleet and Mobility Summit 2024. The third in...

LEAVE A REPLY

Please enter your comment!
Please enter your name here