China’s Sales Volume of Heavy-duty Trucks Reached a New Record High in January
All top ten players in the market recorded two-digit growth rate. Among them, Dongfeng and Beiben witnessed growth rates of over 100%.
Dongfeng sold 12,200 units tractor trucks, up by 137% year on year, making its way from the fourth place in 2020 to the second place. Beiben edged its way to the top ten players in the industry and took the leading position in the industry by seeing an explosive growth rate of 346% in January.
XCMG ranked the third place in the industry in terms of its growth rate which stood at 96%. SAIC Hongyan sold 2,980 units tractor trucks, up by 93% year on year. Its growth rate ranked the fourth place among those of all players.
Foton and JAC, which ranked the fourth and the eight place in the industry in terms of their monthly sales volume in January, both recorded better growth than the market average growth rate of 34%.
In addition, the total sales volume of the top ten players in the industry accounted for 99.34% of the industry’s total in January. The total sales volume of the top ten players in the industry made up for 90.09% of the industry’s total. FAW Jiefang, the leading players in the industry, held 48.19% of the total sales volume of the industry. In the tractor truck market, FAW Jiefang plays a more dominant role.
Source : www.chinatrucks.com
Editor : Daisy