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Top Ten Heavy-duty Truck Players in August

Date:2022-09-14 Author:Linda Source:www.chinatrucks.com

Statistics data show that China sold about 46,200 heavy-duty trucks in August, down 10% from the same month last year. Considering the first eight months as a whole, the cumulative sales volume of heavy-duty trucks amounted to 471,500 units, down 60% year-on-year.

With sales of 13,000 units and a monthly share of 28.06%, SINOTRUK became the only heavy truck manufacturer to surpass 10,000 units in August. It was followed by SHACMAN with sales of 8356 units. Further down the list are Jiefang, Dongfeng and Foton with 7,902, 6,837 and 5,576 units sold respectively. The top 5 have accumulated a market share of 90.11% while the top 10 players have a combined share of 97.41%.

In August, heavy truck sales were up a modest 2% compared to July. Specifically, there are four companies out of the top 10 saw a positive growth, while the remaining seven suffered a decline. The four companies - SINOTRUK, Jiefang, Foton and JAC - are up 24%, 12%, 5% and 3%, respectively, compared to July. If compared to the same period last year, there are three companies among the Top 10 - SHACMAN, Jiefang and Foton – achieving a positive growth, with August sales increasing by 15%, 10% and 56% respectively.

In the first eight months of this year, the cumulative sales volume of heavy-duty trucks amounted to 471,500 units, down 60% year-on-year. In terms of cumulative share, the cumulative market share of the top ten for January to August reached 97.09%. SINOTRUK, Jiefang, Dongfeng, SHACMAN and Foton are the five players toping the list and represent 23.78%, 19.26%, 18.37%, 15.35% and 10.50% market share respectively, which together add up to a 87.26% market share.

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