Chinese truck market demand began reversing downward trajectory in Q4’22

Chinese commercial vehicle demand presented a mixed bag of results into the end of 2022. Demand for heavy trucks, medium trucks, and tractors started the process of reversing their downward trajectory as the Chinese economy reopened, according to ACT Research.

Medium truck and heavy tractor volumes remained under pressure in the year’s final quarter but saw improvement relative to year-ago levels, ACT says. While still down compared to last year, heavy truck volumes posted a strong gain in Q4 q/q, boosting overall HD vehicle output. With declines narrowing and easy comps inbound, 2022 is expected to be the lowest point of this demand cycle, ACT says. MD and HD vehicle output is projected to rise 25% in 2023 from 2022 levels.

Economic growth in Q4’22 was mixed as an explosion of COVID cases negatively impacted activity due to a surge of infections after the pandemic control restrictions were lifted. Additionally, falling external demand dampened exports amid slower global growth.

Infrastructure investment was strong but insufficient to drive an uptick in volume against other headwinds, ACT says.

Fontaine Specialized announced the new Magnitude 75 lowbed trailer. This 3+3+2 modular multi-purpose trailer is designed to transport a diverse range of loads, according to Fontaine, who adds that the Magnitude 75 comes in three distinct deck options: flat (MFLD), drop side rail (MDSR), and beam (MBMD)."The Magnitude 75 epitomizes versatility in heavy-haul lowbeds. It accommodates loads of up to 75 tons in 16 feet as a 3+2 or with five close coupled axles," said Heather Gilmer, vice president of sales. "Furthermore, it adeptly handles 70 tons in just 12 feet configured with the tandem axle EQ2 spreader. This adaptable trailer features a hydraulic detachable gooseneck and a tridem axle bogie, each providing seven ride height positions. This enhanced flexibility is invaluable for operators maneuvering heavy loads across obstacles or beneath bridges.”Fontaine says the Magnitude 75 was made with 100,000-lb. minimum yield steel main beam flanges; and the flat and beam decks boast a 24-in. loaded deck height, while the drop side rail deck reduces it to 15-in. At full load, all modular decks offer 6-in. of ground clearance.