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

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