The heavy duty truck taking the lead in the truck market
38.86 million trucks are produced and 445,000 trucks are sold in the Chinese market according to statistics. The growth rate is 58% and the chained rate of development is 100%. Year-on-year growth are 5% and 11%. Speaking of different types of trucks, 138,900 heavy duty trucks are sold, 21,400 medium duty trucks, 21,45 light trucks and 70,200 mini trucks, accounting for 31.22%, 4.82%, 48.19% and 15.77% of the truck market share in March.
Sales of heavy trucks
In March 2018, sales of heavy trucks were 138,900. The chain index is increased by 86% and year-on-year growth is increased by 21%. The growth rate is increased since last month. With an increase of 21% year-on-year growth, the heavy duty truck market becomes the best market segmentation. The top five sales of heavy trucks are FAW, Dongfeng, Sinotruk, Shanxi Automobile and Foton. These five companies sold 116,000 trucks in total, accounting for 83.5% of the total sales volume in the heavy truck market in March.
The top five sales of heavy trucks were all increased in March. Compared with the same period in 2017, the sales volume is increased according to the chart. FAW is the company who has the highest growth rate, which can reach 45%. The chain index of the sales volume of the top five companies has increased, which is the boom season. The total sales volume of heavy truck is 323,400 in the first quarter of 2018 and year-on-year growth has increased by 14%.
The growth rate of the sales volume of the heavy duty truck in March and the growth rate of the sales volume of the heavy duty truck from January to March take the lead according to the table above. The best market segmentation of the heavy truck in March is authentic.
Sales analyses of medium trucks
In March 2018, 21,400 medium-sized trucks are sold. Chain index was increased by 107% and year-on-year growth was decreased by 1%. In March, the sales volume of the top five companies are Dongfeng, Feidie, Lifan, Dayun and Sinotruk. These five companies sold 14.9 million trucks, accounting for 69.41% of the total sales in the medium truck market in March.
The medium truck share in the truck market is very small based on the table above. The growth rate of sales volume of the medium truck per month and the growth rate of sales volume from January to March fall behind the truck market.
Sales of heavy trucks
In March 2018, sales of heavy trucks were 138,900. The chain index is increased by 86% and year-on-year growth is increased by 21%. The growth rate is increased since last month. With an increase of 21% year-on-year growth, the heavy duty truck market becomes the best market segmentation. The top five sales of heavy trucks are FAW, Dongfeng, Sinotruk, Shanxi Automobile and Foton. These five companies sold 116,000 trucks in total, accounting for 83.5% of the total sales volume in the heavy truck market in March.
The top five sales of heavy trucks were all increased in March. Compared with the same period in 2017, the sales volume is increased according to the chart. FAW is the company who has the highest growth rate, which can reach 45%. The chain index of the sales volume of the top five companies has increased, which is the boom season. The total sales volume of heavy truck is 323,400 in the first quarter of 2018 and year-on-year growth has increased by 14%.
The growth rate of the sales volume of the heavy duty truck in March and the growth rate of the sales volume of the heavy duty truck from January to March take the lead according to the table above. The best market segmentation of the heavy truck in March is authentic.
Sales analyses of medium trucks
In March 2018, 21,400 medium-sized trucks are sold. Chain index was increased by 107% and year-on-year growth was decreased by 1%. In March, the sales volume of the top five companies are Dongfeng, Feidie, Lifan, Dayun and Sinotruk. These five companies sold 14.9 million trucks, accounting for 69.41% of the total sales in the medium truck market in March.
The medium truck share in the truck market is very small based on the table above. The growth rate of sales volume of the medium truck per month and the growth rate of sales volume from January to March fall behind the truck market.