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China’s Sales Volume of Medium Trucks Exceeded 20,000 Units in March

Date:2021-04-30 Author:Linda Source:www.chinatrucks.com

According to the latest statistics, China sold over 20,000 units medium trucks in March, up by 99% year on year.

Foton sold 13,200 units medium trucks, ranking the first place in the market and accounting for 49.98% of the total sales. Dayun sold 2,676 units medium trucks, ranking the second place and accounting for 10.15% of the total sales. Six companies recorded sales volumes of medium trucks of over 1,000 units. In February this year, only three companies sold 1,000 units medium trucks each, showing a continued recovery in the market.

The combined sales volumes of the top ten players in China’s medium truck market accounted for 99.42% of the total sales in March; those of the top five players made up 82.86% of the total sales.

Eight truck makers recorded two-digit growth rates with Foton’s reaching 208%, JAC’s 109% and Nanjun 128%. Qingling’s sales of medium trucks in March jumped by 94% year on year.

In the first three months this year, China sold 55,500 units medium trucks, up by 108% year on year. Foton, again, grew the fastest with a growth rate of 218% year on year. In addition, the company’s market share reached 50.11%. In sharp contrast, the rest of the top ten players all failed to increase their market share to 10%. In the same period, the top ten players held 99.32% of the market share.

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