BEIJING – November heavy-duty truck sales dropped 17 percent to 45,000 units, bringing total sales for the year to 499,000 to date, down 27 percent, reported cvworld.cn.
Dongfeng and CNHTC sold 9,100 and 6,700 units in November, down 36 and 25 percent respectively. FAW saw a minor increase of 2 percent to 9,000 units. Sales of Shaanxi Auto and Beiqi-Foton dropped 4 percent respectively to 6,600 and 6,800 units. JAC witnessed sales growth of 10 percent to 2,500 units. Sales of Dayun slid 1 percent to 1,377 units. CAMC Hualing, Beiben and SAIC-IVECO-Hongyan sold 744, 500 and 619 units respectively, a slump of 38, 43 and 52 percent. The monthly sales of 45,000 also matched a record low of the same period from 2009.
Dongfeng maintained its dominant position through to November with sales reaching 107,200 units, a slide of 26 percent, similar to that of the industry average with a market share of 21.5 percent. CNHTC sales fell 21 percent to 88,500 units with its market share growing to 17.7 percent. FAW took a market share of 15.8 percent by selling 79,000 units up-to-date, down 28 percent on a yearly basis.
Shaanxi Auto and Beiqi-Foton witnessed sales drop of 26 and 32 percent to 72,500 and 67,000 units to date, taking up a market share at 14.5 and 13.4 percent. JAC, Dayun and CAMC Hualing posted sales decline of 24, 6 and 31 percent to 28,300, 13,893 and 12,134 units, with market share of 5.7, 2.8 and 2.4 percent. Beiben and SAIC-IVECO-Hongyan own 1.6 percent market share respectively with sales reducing 23 and 64 percent to 8,016 and 7,877 units.
Most truck makers are pessimistic about the 2016 market and dare not to stock up products or pre-schedule production. Real demand of heavy-duty trucks was less than 40,000 units despite the impact of exports in November, and total annual sales may only be around 545,000 units, down 27 percent year-on-year, predicted Xie Guangyao, chief editor of cvworld.cn.