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China’s heavy-duty truck market rebounds in February

China’s heavy-duty truck market rebounded in February with major heavy-duty truck makers receiving more orders after experiencing a slumping January, reported cvworld.cn.

The heavy-duty industry’s “Big Three,” DFCV, FAW-Jiefang and CNHTC, sold 15,400, 15,500 and 15,017 heavy-duty trucks in February, up 11, 20.8 and 9.4 percent respectively from 2011. The whole heavy-duty truck market, boosted by the prosperous “Big Three,” registered sales of 77,700 units and climbed 3.2 percent from the same period of 2011.

Beiqi-Foton’s Auman truck sales grew 11.1 percent to 10,000 units while Shaanxi Auto Group dropped 4.8 percent to 8,900 in sales in the same month. Four enterprises of the “third camp,” Beiben, JAC, Hualing and SAIC-IVECO-Hongyan, however, all posted sales plump of 65.6, 30.5, 34.5 and 51.1 percent to 1,560, 2,000, 1,650 and 1,564 units in February.

According to an industry analyst, large amount of orders of the “Big Three” are for dealers inventory. Enterprises of the “third camp,” on the other hand, were quite cautious compared with the big ones, therefore led to a gloomy February sales. March, being the traditional hot season for heavy-duty vehicles, will see the competition among truck makers become fiercer, said the analyst.

Sales of heavy-duty trucks in the first two months in the country were 115,700 units, a decrease of 27.9 percent year-on-year. DFCV, CNHTC and FAW-Jiefang witnessed accumulative sales of 25,000, 24,100, and 22,700 units, down 26.3, 24.1, and 23.4 percent on a yearly basis. Beiqi-Foton and Shaanxi Auto Group sold 12,500 and 11,300 units during the same period, a drop of 19 and 27.1 percent respectively. JAC, Beiben, Hualing and SAIC-IVECO-Hongyan saw biggest drop of 51.9, 67.1, 59.3 and 61.5 percent to 3,243, 3,102, 2,607 and 2,200 units in sales.

Sales of heavy-duty trucks by leading make, January-February 2012 (in units)

Make                                       February                 February 2011       % Change     Jan.-Feb.                  Jan.-Feb. 2011        % Change

FAW-Jiefang                   15,500                  12,829                   20.8           22,700                     29,652                   -23.4

DFCV                              15,400                  13,877                  11               25,000                    33,938                   -26.3

CNHTC                           15,017                  13,728                  9.4              24,100                    31,730                   -24.1

Beiqi-Foton                   10,000                  8,999                    11.1           12,500                      15,427                   -19.0

Shaanxi Auto Group        8,900                    9,351                    -4.8           11,300                      15,441                   -27.1

JAC                               2,000                    2,876                     -30.5         3,243                         6,748                    -51.9               

SAIC-IVECO-Hongyan        1,650                    2,519                     -34.5         2,200                         5,716                    -61.5

Hualing                        1,564                    3,199                     -51.1         2,607                         6,405                     -59.3

Beiben                          1,560                    4,538                     -65.6         3,102                         9,417                     -67.1

Total                                     77,700                        75,271                              3.2           115,700                                160,406                     -27.9

 

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