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Still shooting for sales? Eight heavy-duty truck manufacturers reveal plans for H2 2018

– by Wu Ming As of July 30, most major heavy-duty truck OEMs have held their mid-year business conferences. Eight particularly important ones, including FAW Jiefang, Dongfeng, CNHTC, Shaanxi Auto, Foton Daimler, SAIC-IVECO-Hongyan, JAC and Hualing, have also spoken on their strategic redirections for the remainder of 2018. Below, we outline

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January-May tractor market: mixed performance among top 10 players

The tractor segment of the heavy-duty truck market has been under a lot of pressure lately. Between January and May 559,000 heavy-duty trucks were sold, up 15.2 percent year-on-year. Tractors accounted for 40 percent of those sales, still the largest segment, but this is 15.9 percentage points lower than the

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May heavy-duty truck sales top 110,000 units, one million units likely for 2018

The heavy-duty truck market just witnessed its fourth month of record sales so far in 2018. About 114,000 heavy-duty trucks were sold in May, up 17 percent, while sales through to May topped 560,000 units, up 15 percent year-on-year, according to the latest manufacturer reported data obtained by cvworld.cn. May

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HOWO T7H intelligent truck hits market, 200 units ordered at launch ceremony

JINAN, Shandong – CNHTC launched here its HOWO brand’s first-generation intelligent heavy-duty truck, the HOWO T7H, on April 26. The smart heavy-duty truck has two versions for the market at present: The T7H 6x4 heavy-duty truck and the T7H dangerous goods tractor. Shanghai Zhongshi Chemical Logistics Co., Ltd. placed

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March heavy-duty truck sales hit new record of 132,000 units, turning point coming in June?

– by Xie Guangyao UPDATE: March heavy-duty truck sales reached a historical monthly record of 138,900 units, up 21.21 percent from a year ago, according to official data released by China Association of Automobile Manufacturers (CAAM) on April 11. Sales in the first three months totaled 323,400 units, up 13.85 percent. Another

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CNHTC net profit more than quintuples in 2017 on sales of £¤55.4 billion

HONG KONG – China National Heavy-Duty Truck Group Corp. (CNHTC), or Sinotruk, achieved revenues of ¥55.4 billion in 2017, up 68.26 percent, according to annual financial results released by the Hong Hong-listed truck maker on March 23. Total truck sales reached 263,903 units in 2017, with a year-on-year increase of

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CNHTC’s first batch of Euro VI heavy-duty trucks to enter Hong Kong market

HONG KONG – China National Heavy-Duty Truck Group Corp. (CNHTC) announced on March 19 that 34 of its Euro VI heavy-duty trucks would be sold to the Hong Kong Special Administrative Region (SAR) Government as water spraying vehicles, marking the first time that Euro VI heavy-duty trucks from a mainland

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February heavy-duty truck sales tank, YTD sales still up

As expected, February heavy-duty truck sales tanked after a “strong” January performance. China sold about 68,000 heavy-duty trucks in February, down 21 percent year-on-year and about 38 percent off the record 109,600 units sold in January. Over the first two months of the year, sales were still up 5 percent to 177,600

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Construction vehicle sales to top 400K in 2018, says CNHTC’s Li Hongwei

HANGZHOU – The construction vehicle will be the hottest segment of the heavy-duty truck market this year and sales are expected to top 400,000 units, accounting for half of the market, according to Li Hongwei, vice president of sales at China National Heavy-Duty Truck Group Corp. (CNHTC), the country’s second

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One million heavy-duty trucks twice in eight years: how did top five players fare?

From 2010 to 2017, China’s annual heavy-duty truck sales topped 1 million units twice. In those eight years, FAW Jiefang, Dongfeng, CNHTC, Shaanxi Auto and Foton remained as the top five heavy-duty truck makers. But their market shares over these eight years fared differently.   Top five combined market share

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