China’s excavator sales in Jul estimated to reach 14,000 units

CME estimates that China’s domestic excavator sales in July will be around 6,000 units, with a year-on-year growth of nearly 17%. However, the growth rate has narrowed by 8% compared to the previous month. Total sales, including exports, are estimated to be around 14,000 units, representing a year-on-year growth of approximately 11.06%. The market is recovering.

Export sales were expected to be 8,000 units, with a year-on-year growth of nearly 7%. The growth in exports is attributed to factors such as destocking by domestic brands, a low base from the same period last year, and a moderate recovery in overseas demand.

The current market recovery is not yet stable, with weak improvement in operational metrics. However, the ongoing implementation of policies like large-scale equipment renewal and trade-in initiatives may help the market gradually recover from the current downturn.

30 Jul 2024 reported by Machinery News