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China H1 heavy-duty truck sales plunge 31.3 percent

 

BEIJING – China’s heavy-duty truck sales declined 19.5 percent on a yearly basis to 51,500 units in June, and dropped 8.1 percent month-on-month, according to statistics from cvworld.cn.

 

Dongfeng stayed in the lead by selling 12,000 units, a slide of 10.1 percent. Shaanxi Auto witnessed 10 percent growth in the month thanks to its export performance of 1,600 units, and surpassed FAW Jiefang as the third best seller in June.

 

Sales of Beiben Heavy-duty grew 33.3 percent units to 2,500 units, which enabled the company to become one of the two enterprises with increases in June.

 

The country’s heavy-duty truck sales registered of 373,400 units in the January to June period, down 31.3 percent year-on-year.

 

Beiben Heavy-duty, JAC, SAIC-IVECO-Hongyan and CAMC Hualing sold 15,700, 14,000, 9,063 and 8,530 units respectively through June with decreases surpassing the industrial average.

 

The slumping heavy-duty market shows no signs of recovery despite recent oil price reduction and the cutting of the one-year benchmark lending rate. The industry will not likely rebound until September, according to Xie Guangyao, analyst at cvworld.cn.

 

 

 

Sales of major heavy-duty truck makers in June 2012 (in units)

 

 

 

 

 

Make

 

 

June 2012 sales

June 2011 sales

% Change

Jan.-June 2012 sales

Jan.-June 2011 sales

% Change

Dongfeng

12,000

13,344

-10.1

81,100

113,557

-28.6

CNHTC

8,500

9,987

-14.9

65,200

94,719

-31.2

FAW Jiefang

6,900

10,807

-38.0

62,300

87,079

-28.5

Shaanxi Auto

7,400

6,730

10.0

50,300

65,815

-23.6

Foton

6,600

8,963

-26.4

46,800

65,746

-28.8

Beiben Heavy-Duty

2,500

1,875

33.3

15,700

25,861

-39.3

JAC

1,900

3,578

-46.9

14,000

24,720

-43.4

SAIC-IVECO-Hongyan

1,606

2,439

-34.2

9,063

22,707

-60.1

CAMC Hualing

1,262

2,156

-41.5

8,530

17,529

-51.3

Total

51,500

63,941

-19.5

373,400

543,425

-31.3

 

Source: cvworld.cn

 

 

 

 

 

 

 

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