Hot Is Not
Figures show sales of excavators have grown rapidly this year. From January to February, it sold 21,800 units, an increase of 14.3% over the same period last year. From march to may, it sold 39,300 units, 26,600 units and 19,300 units (rounded down), with year-on-year growth rates of 78.9%, 84% and 713,500 units respectively.
From January to may, the total sales volume of excavators exceeded 100,000. That could lead to record sales of excavators throughout the year.
Lv Ying, deputy secretary-general of China construction machinery industry association, points out that the number of excavator fluctuation is very big, but there are rules, such as 3, 4 months each year, the highest behind in July and August are off-season, and in the end of the year.
As things stand, excavator sales are likely to reach an all-time high of 180,000 in 2011.