China Sold 12,000 Units Self-dump Trucks in August
The latest statistics show that China sold 12,000 units engineering self-dump trucks, down by 15.5% year on year. From January to August this year, China’s total sales volume of self-dump trucks reached 143,000 units, down by 21.3% year on year.
January | Febrary | March | April | May | June | July | August | Total | |
Sales for 2019 | 18,315 | 14,597 | 28,475 | 24,547 | 19097 | 14,452 | 11,574 | 11,586 | 142,643 |
Sales for 2018 | 21,028 | 14,227 | 29,221 | 29,487 | 28,870 | 26,403 | 18,256 | 13,715 | 181,207 |
Growth Rate | -12.9% | 2.6% | -2.6% | -16.8% | -33.9% | -45.3% | -36.6% | -15.5% | -21.3% |
SHACMAN sold 26,000 units self-dump trucks in the first eight months this year, ranking the second place in the industry. However, its sales volume plummeted by 30.7% year on year compared with that last year. Its market share dropped slightly to 17.9% compared with that in the same period last year.Hongyan, with a total sales volume of 29,000 units self-dump trucks, ranks the first place in the industry. Compared with that in the same period last year, Hongyan’s sales volume dropped by 12.8% year on year. Also, its market shares reached 20.5%, two percentage points higher than that in the previous year. In August, despite the anemic market conditions, Hongyan sold 3,089 units self-dump trucks, up by 18.5% year on year.
Hongyan | SHACMAN | Jiefang | SINOTRUK | Total | |
The First Eight Months for 2019 | 29,217 | 25,509 | 20664 | 16,549 | 91,939 |
Market share | 20.5% | 17.9% | 14.5% | 11.6% | 64.5% |
The First Eight Months for 2018 | 33,513 | 36,830 | 22,628 | 28,996 | 121,967 |
Market Share | 18.5% | 20.3% | 12.5% | 16.0% | 67.3% |
Growth Rate | -12.8% | -30.7% | -8.7% | -42.9% | -24.6% |
From January to August this year, Jiefang and CNHTC sold 21,000 units and 17,000 units self-dump trucks, ranking the third and fourth place respectively in China’s self-dump truck market. In the same period, the two companies sales volumes declined by 8.7% and 42.9% respectively and their market shares reached 14.5% and 11.6% respectively.
The top four players in China’s self-dump truck market, Hongyan, SHACMAN, Jiefang, CNHTC had a combined sales volume of 92,000 units in the first eight months this year, accounting for 64.5% of China’s total sales volume. In the same time, the combined market share of the top four players dropped by 2.8 percentage points compared with that in the previous year.
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