Bus Sales Expected to Rise Soon
2009-06-19 Source：english.chinabuses.com
English.chinabuses.com: after staying in the doldrums for more than half a year due to the weak demand from both home and abroad, China’s bus & coach sales is expected to reverse the downward movement in latter half of 2009, according to some industrial insiders.
Hit hard by global financial storm, Busworld Asia 2009 in Shanghai still managed to attract thousands of visitors
In May, it is reported the sales volume of large-, medium-sized and light-duty buses & coaches fell by 14.7%, 12.5% and 20.2% y/y respectively. The continued drop in bus & coach sales is chiefly attributed to shrinking passenger traffic, lackluster growth of the city bus market and sharp decline of export volume.
Recently, a host of experts involved in bus & coach industry has expressed their belief that the bus market may bottom out soon and positive growth in sales may be on its way in latter half of this year.
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