Excavator is expected to achieve 6,500 sales in July

According to excavator dealers, in July, the sales of excavators were relatively normal, and the sales volume increased slightly year-on-year. The demand side did not change much. The overall situation in the first half of the month was basically in line with the 70% dealer’s previous expectations. This ambiguous situation will continue.

In July, the downstream demand remained stable, and the demand for mines in the northern region remained unresolved. The sales volume fell sharply from the previous month, and the year-on-year decline in sales in the Xinjiang region continued to be significant. Feedback from most excavator dealers in East China and Central China can basically achieve about a 10% year-on-year increase. The higher growth rate before the Southwest has slowed down. Excavator utilization was flat on a month-on-month basis.

According to an excavator dealer's observation, the start of the downstream excavator is basically the same as in June. In terms of inventory, most dealers have normal inventory levels, which are sales from two weeks to one month. Only a few regions have experienced rapid sales declines, which has caused some dealers to increase their inventory to four to five months. It is estimated that the sales of excavators in July will be around 6000 to 6500 units, achieving a year-on-year increase in single digits.