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In June 2025, approximately 92,000 heavy trucks were sold wholesale, while approximately 64,000 were licensed, marking increases of 29% and 36% year-on-year, respectively. This achievement represents a "three consecutive increases in wholesale and retail sales," signaling an acceleration of the "trade-in" policy's impact. Huatai Securities anticipates that the wholesale sales growth rate in the heavy truck industry will approximate 23% in the second half of the year, with the upward trend in prosperity expected to propel profit releases for leading enterprises and the supply chain. Investors are advised to focus on leading tire enterprises that benefit from the domestic heavy truck market and possess substantial production capacity, unencumbered by legal disputes.
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