BEIJING – The heavy-duty truck market started to decline in April with a slip rate of 11 percent month-on-month.
April sales of heavy-duty trucks were 86,000 units, up 5 percent on a yearly basis. Nevertheless, as China will firmly prohibited sales of State-III emissions standards-compliant vehicles beginning from January 2015, sales of State-III emissions standards-compliant vehicles will see large growth by yearend and sales of State-IV vehicles will become a new growing point as well.
Sales of DFCV, FAW Jiefang, CNHTC, Beiqi-Foton and Shaanxi Auto in April were 17,000, 15,000, 13,000, 13,000 and 12,000 units, up 1, 10, 10, 8 and 3 percent respectively. JAC, SAIC-IVECO-Hongyan saw better increase of 29 and 17 percent to 4,450 and 3,520 units. CAMC Hualing and Baotou Beiben, on the other hand, experienced sales decrease of 22 and 53 percent to 2,328 and 1,091 units.
Sales of heavy-duty trucks through April totaled 288,900 units with an increase of 15 percent, less than the 20 percent increase in the first quarter, indicating a declining market in May and June.
DFCV, FAW Jiefang, CNHTC and Beiqi-Foton sold 56,300, 47,800, 46,600 and 42,400 units of heavy-duty trucks in the first four months of the year, up 7, 19, 15 and 15 percent. JAC sold 15,300 heavy-duty trucks during the same period, up 44 percent and ranked the first in cumulative sales. CAMC Hualing and Baotou Beiben saw sales drop of 1 and 39 percent to 8,284 and 4,144 units, according to statistics provided by truck manufacturers.