Zheng Quan Shi Bao Wang·2026-01-07 00:01Core Viewpoint - The heavy truck industry is closely linked to macroeconomic trends, replacement demand, and subsidy/elimination policies, with a projected sales volume of around 1.1 million units by 2026, supported by natural scrappage demand from National IV and V standards [1] Group 1: Market Dynamics - Heavy trucks are primarily used in logistics and engineering applications, with sales fluctuations highly correlated to macroeconomic conditions [1] - The natural scrappage and replacement demand for National IV and V trucks is expected to support a domestic sales scale of approximately 700,000 units by 2026 [1] Group 2: Future Projections - By 2027-2028, National V trucks will become the main models for scrappage, with a substantial existing fleet of over 4 million units supporting a continued upward trend in domestic sales [1] - Export potential remains significant, with the market space for exports reaching nearly 700,000 units, indicating further growth opportunities for the industry [1]