Top Three Light Truck Manufacturers Accounting for Half of the Market
www.chinatrucks.com: According to latest statistics of CAAM, in the first half of 2013, a total of 1,819,855 units of cargo trucks are sold, up by 7.44% year on year, entering a relatively stable development stage. 982,621 units of medium and light cargo trucks are sold, up by 5.09% year on year, slightly lower than the industry average growth. Foton, JAC and Dongfeng remain top three manufacturers, accounting for almost half of the market.
Insiders say that cargo truck market will come to a steady developing stage as the domestic macro economy grows relatively stable. Brand effect and product’s ratio performance are key factors leading the future development, especially in light cargo truck market. The change is especially obvious seeing from detailed brands. JAC, NAVECO, Foton Ollin and other medium and high level products have sound uprising growth, with growth rate exceeding 10%. NAVECO even reaches 26%. Ollin products with Cummins ISF engines are seeing a soaring trend.
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