Mid-heavy truck market swept down - September truck market review
In September, the truck market experienced a significant surge due to the "Golden September" sales season. Following a strong performance in August, the sector saw a new peak in sales. According to the China Automobile Association, heavy truck production and sales increased by 153.67% and 93.44% year-on-year, respectively. Meanwhile, the commercial vehicle market also showed robust growth, with production up 44.53% and sales up 30.21% compared to the same period last year.
From January to September this year, the total truck market reached 1,279,873 units in production and 1,272,360 units in sales, reflecting an increase of 10.80% and 11.55% respectively. In September alone, 157,382 trucks were produced and 151,152 sold, representing a year-on-year growth of 32.29% and 28.16%. Compared to August, production and sales rose by 28.47% and 20.14%.
Within the heavy truck segment, September saw 28,180 units sold and 26,500 produced, marking a year-on-year increase of 153.67% and 93.44%. This was also a significant jump from August, with sales and production rising by 42.86% and 28.12%. Non-integrated trucks and semi-trailer trucks showed even stronger growth, with sales reaching 13,457 and 13,432 units, up 146.42% and 103.64% year-on-year. Tractor sales hit 10,379 and 8,569 units, climbing 316.33% and 157.10% compared to the same period last year.
In the commercial vehicle segment, 18,477 units were sold and 18,073 produced in September, showing a year-on-year growth of 44.53% and 30.21%, and a monthly increase of 30.95% and 21.74%. Among these, 6,562 and 6,533 units were produced and sold by one company, up 93.06% and 32.84% year-on-year.
Light trucks saw production reach 84,071 units and sales hit 78,628 units in September, up 11.43% and 11.34% year-on-year, and 24.30% and 14.95% compared to August. Micro-cars also performed well, with 26,654 units sold and 27,951 produced, up 35.78% and 41.60% year-on-year, and 26.75% and 27.76% higher than in August.
Looking at the heavy truck market leaders, Dongfeng Motor ranked first with 49,794 units sold from January to September. In September alone, it sold 6,527 units, a 107.47% increase year-on-year and 74.99% more than in August. FAW Group followed with 48,245 units sold, while China National Heavy Duty Trucks came in third with 44,347 units. Other top players included Shaanxi Automobile Group, Beiqi Futian, and Chongqing Hongyan.
In the commercial vehicle market, Dongfeng Motor led with 42,781 units sold from January to September, while FAW Group took second place with 38,706 units. JAC Corporation and Chengdu Wangpai ranked third and fourth, respectively. In September, Dongfeng Motor sold 6,097 units, up 65.28% year-on-year, while FAW Group saw a slight decline but still gained 35.80% compared to August.
In the light truck market, Beiqi Foton topped the rankings with 216,131 units sold from January to September. Dongfeng Motor and Jianghuai Company followed closely. In September, Beiqi Foton sold 22,590 units, slightly down year-on-year but up 9.83% from August.
Finally, in the micro-card market, Changan Automobile led with 50,482 units sold, followed by SAIC-GM-Wuling and Hafei Motor. In September, Changan sold 5,895 units, a small decline year-on-year but a 11.46% increase from August. SAIC-GM-Wuling saw a strong 33.14% rise in sales, while Hafei Motor's sales jumped 25.34% year-on-year.
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