The growth momentum of the heavy-duty truck sector has been declining since 2010 when China surpassed the million-vehicle mark in terms of heavy-duty truck sales.
Unlike the light-duty vehicle market, most medium- and heavy-duty truck purchasers operate on slim profit margins where fuel costs are a major factor in their economic survival.
For environmental technologies, the company sees a year-over-year decline in Q1, but for the full year, the company sees growth in the worldwide auto and heavy-duty diesel truck markets.
When looking at SUTs, a category that would seem to offer a lot to those with light-duty truck needs but heavy-duty families, the Avalanche takes the high ground.
Orders for heavy-duty emissions products declined substantially as truck demand slowed significantly in the third quarter and manufacturers began to manage inventory.