Howard, for China heavy income 28%

In recent years, the growth rate of China heavy duty truck has made the industry's behavior amazing. Behind this rapid growth, there is a mysterious "power". Its existence is the pillar of China Heavy Duty Truck's development in the market.

In the past few years, the domestic automobile market has been affected by the aftermath of the international financial crisis and the adjustment of the national economy. It has changed the trend of rapid growth, especially the entry of heavy vehicles to the first bottom of the new century.

China heavy duty truck has also been faced with the most severe challenge since the reform and reorganization. Promoting the supply side reform has become a major innovation and inevitable requirement to adapt and lead the new normal development of the economy, "Yu Youde, deputy secretary of China Heavy Duty Truck" said.

Yu Youde said, "the supply side reform" improves the total factor production efficiency and improves the competitiveness of products and forms the matching supply with social needs. The optimization and adjustment of China Heavy Duty Truck's industrial sector and product mix is becoming a new driving force for the development of enterprises. The coordinated development of the three major sectors of commercial vehicles, finance and real estate is the planning of the industrial layout of China heavy steam.

In addition to the reform and innovation in the financial field, China Heavy Truck Group relies on technological innovation to improve the quality of the supply of high-end manufacturing industry. Driven by powerful technology products, China's heavy truck has basically maintained its relative advantage in the face of the weaker demand of the whole industry, especially the unfavorable situation that the dump truck has been dropping sharply. The sales volume of the tractor has been increased, and the total sales of 24 thousand vehicles have increased by 23% over the same period of 2015. The structure of the heavy card product of the group company is more reasonable, which is more in line with the industry competition needs.

In September 19, 2015, Shandong Howard Automobile Finance Co. Ltd. officially opened operations, this is the domestic heavy truck industry's first auto finance company, set up a professional platform for Chinese heavy financial marketing.

It is understood that Howard Automotive Finance Company Limited may conduct business with consumer credit, mortgage loans, financing and leasing business, performance guarantee insurance car loan business, factoring etc..

Professional auto finance business, can meet the needs of users Car Buying loan market, stimulate the automotive consumer demand growth, "we organized research service to users and dealers, our flexible policies more conducive to the automobile sale, since the establishment of the financial company, car sales year-on-year growth of at least 28%, general manager of Chinese heavy truck market department Liu Zhengtao said.

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