9.3万辆！10月重卡销量大涨4成，燃气车和电动重卡表现如何？| 光耀评车

Core Viewpoint - The heavy truck market in China has shown significant growth in October 2025, driven by policies encouraging the replacement of old vehicles, despite a slight month-on-month decline in sales compared to September 2025 [2][5][8]. Group 1: Sales Performance - In October 2025, approximately 93,000 heavy trucks were sold, marking a 40% year-on-year increase from 66,400 units in the same month last year, although it represents a 12% decrease from September 2025 [2][5]. - Cumulatively, from January to October 2025, the heavy truck market has sold over 916,000 units, reflecting a 22% year-on-year growth, with expectations to surpass 1 million units by November [5]. - The average growth rate from April to October 2025 has been 39%, with consistent year-on-year increases observed each month [2][5]. Group 2: Market Drivers - The growth in the heavy truck market is largely attributed to the "old-for-new" vehicle replacement policy, which has been a significant driver since April 2025 [8]. - Despite some local governments suspending subsidies due to fiscal constraints, the release of the last batch of subsidy funds in late September has reignited some support for the market [8]. Group 3: Segment Performance - The natural gas heavy truck segment has seen a remarkable increase, with terminal sales expected to grow by approximately 120% year-on-year in October 2025, following a 149% increase in September [10][12]. - The electric heavy truck segment is also performing well, with an anticipated terminal sales volume of around 20,000 units in October 2025, representing over a 140% year-on-year increase [12]. - Diesel heavy trucks are projected to see a nearly 20% increase in terminal sales in October 2025, contributing significantly to overall market growth [14].