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Tractor sales up 36 percent in May, YTD sales reach 253,000 units

– by Shu Muyu

China’s tractor market in May maintained its growth trend since February with sales reaching 54,000 units, a year-on-year increase of 36 percent, the highest growth rate so far in 2019, according to data released by China Association of Automobile Manufacturers (CAAM). 

Cumulative sales of tractors in the first five months of the year were 253,000 units, up 13.3 percent from the same period of last year, higher than the growth rate of heavy-duty truck sales in the period, said CAAM. 

The top 10 tractor manufacturers by sales in May were FAW Jiefang, Shaanxi Auto, Dongfeng, CNHTC, Foton, Dayun, JAC, SAIC-IVECO-Hongyan, XCMG and CAMC Hualing with combined sales of 53,067 units. 

Among the top 10 tractor manufacturers in May, only three saw sales drop, the rest all posted sales gains with FAW Jiefang and CNHTC achieving sales increase of 72.3 and 95 percent on a yearly basis to 19,648 and 6,815 units, which boosted the entire tractor market in the month. 

For competition in the tractor market in May, Shaanxi Auto realized sales of 8,700 tractors, surpassing Dongfeng as No. 2 in the top 10 sales list in the month. But Dongfeng may get back its No. 2 position soon since there were only 173 units short, compared with sales of Shaanxi Auto in the month. CAMC Hualing put Beiben behind it with sales of 572 tractors, up 50.5 percent from the previous year, returning to the top 10 sales list in the month. Beiben experienced a sales slip of 37.9 percent year-on-year to 337 tractors in May, and was out of the top 10 sales list as a result. 

Sales of tractors from January to May reached 253,000 units, and tractor shares in the heavy-duty truck market were 45.8 percent in the period, up 5.9 percentage points from the same period a year ago. 

Tractor sales of FAW Jiefang came to 96,260 units in the first five months of the year, up 28.5 percent on a yearly basis, leaving other tractor manufacturers far behind it. Its share in the tractor market was 38 percent, an increase of 33.5 percent from last year, up 4.5 percentage points, the highest growth margin among the top 10 in the period. 

Shaanxi Auto and Dongfeng were No. 2 and No. 3 in the top 10 sales list with sales of 40,030 and 38,189 tractors through to May, respectively, up 11.1 and 15.6 percent. Since there were only about 2,000 units difference in their sales, and sales growth rate of Dongfeng was higher than that of Shaanxi Auto, competition between the two for the runnerup position will be intensified. 

Foton, SAIC-IVECO-Hongyan, XCMG and CAMC Hualing, which took the fifth, eighth, ninth and tenth positions respectively in the top 10 sales list during January-May period, had negative growths of 6.5, 2.3, 24.4 and 13.8 percent in tractor sales with XCMG performing the worst among the four.   

No. 6 JAC and No. 7 Dayun did not see much growth in tractor sales in the first five months of the year, as a result their market shares shrank by 0.6 and 0.2 percent. 

(Rewritten by San Shi based on author’s article on find800.cn)

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