Since April 28, when the central bank announced a 27-basis-point increase in loan interest rates to initiate a new round of macro-control measures, over a month has passed since the policy was implemented. However, the impact of these new regulatory actions remained unclear in May. The domestic economic environment still shows strong growth in fixed asset investment, and structural imbalances in foreign trade have worsened. Despite this, the overall economy continues to grow at a rapid pace, creating a favorable macroeconomic climate for the heavy truck market. The Heavy Truck Market Exits the "Adjustment Period" In May, the total sales volume of the national heavy-duty truck market reached 28,189 units, marking a 25.27% year-on-year increase from 22,503 units in May last year, though it saw a 15.76% decline on a monthly basis. Among these, 4,712 heavy trucks were sold, with cumulative sales reaching 23,189 units, reflecting a -37.38% year-on-year drop. Meanwhile, second-chassis sales totaled 15,282 units, with cumulative sales of 70,144 units, up 11.38% year-on-year. Semi-trailer tractor sales reached 8,195 units, with cumulative sales of 34,591 units, showing a 29.03% increase compared to the same period last year. From January to May, the cumulative sales volume stood at 127,924 units, representing a 1.40% year-on-year increase from 126,155 units in the same period last year. This marks the first time the heavy-duty truck market has seen positive growth, signaling a steady recovery after May and indicating that the “adjustment period” that began in April 2005 is now behind us. Driven by national automotive industry policies, the enforcement of regulations against overloaded vehicles continues to intensify. Large-tonnage, high-horsepower, and high-efficiency heavy trucks are increasingly being adopted in logistics and transportation. In addition, heavy truck manufacturers have been actively promoting their products, leading to a noticeable resurgence in the market. In May, the monthly sales championship of the heavy-duty truck market was dominated by Dongfeng, while FAW Group maintained its top position for the first time in the first five months of the year. Dongfeng temporarily ranked second, China National Heavy Duty Truck took third place, and Shaanxi Heavy Duty Truck and Futian Auman followed closely. The Tractor Market "Revolution" Due to policy constraints, the semi-trailer tractor market faced a severe downturn in 2005, becoming the fastest-declining segment in the heavy truck industry, with a growth rate of -42.76%. However, from January to May 2024, the overall growth rate of the tractor market reached 29.03%, effectively exiting the “nightmare period” of 2005. Specifically, the growth rate for quasi-trailer trailers with a total mass between 25 and 40 tons rose by 37.35%, while those over 40 tons grew by 27.52%. In the tractor-trailer segment, companies such as Shaanxi Heavy Duty Truck, Chongqing Heavy Duty Truck, Jinan Heavy Duty Truck, and FAW Group all experienced varying degrees of growth. Looking ahead, June and July are expected to bring seasonal fluctuations, but the heavy truck market will not see a significant downturn compared to the same period last year. Instead, the market is expected to gradually improve. Steyr’s heavy truck family will maintain its competitive edge, with Dongfeng and FAW launching new products with strong marketing support. Competition in the heavy truck market during June and July will be fierce, with companies actively seeking market opportunities through regional or nationwide promotional campaigns. End users are likely to benefit from these efforts. It is projected that the total market volume for June and July will range between 56,000 and 58,000 units.

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