• time;2024-09-20 13:27:44

Heavy truck sales in August decreased by 12.2% year-on-year, mainly due to weak market demand. For the heavy truck industry, large-scale equipment updates and trade in programs may become the only remaining favorable key points in the industry. It is imperative to seize the existing market, which will also become a key factor determining the industry trend for the whole year.

The production and sales data released by the China Association of Automobile Manufacturers (CAAM) shows that in August, 62000 heavy-duty trucks were sold, a year-on-year decrease of 12.2%; From January to August, a total of 625000 vehicles were sold, with a cumulative increase of 0.68%.

Regarding the overall performance of the automobile market in August, the China Association of Automobile Manufacturers (CAAM) analyzed that since the National Development and Reform Commission and the Ministry of Finance issued the "Several Measures to Strengthen Support for Large scale Equipment Renewal and Consumer Goods Trade in" on July 25th, the subsidy for scrapped and renewed automobiles has been increased, with an average of over 10000 applications for scrapped and renewed subsidies per day in August. Some provinces and cities have also introduced replacement and renewal policies, further stimulating market consumption enthusiasm, especially with the strong performance and significant contribution of new energy vehicles, promoting the month on month growth of automobile production and sales.

Although the overall automobile market performed positively in August under favorable policies, the heavy truck market still showed a year-on-year decline. The main reason is still due to weak market demand. The main reason for the weak market demand is still the high market stock caused by the previous high sales volume, coupled with the narrowing growth rate of infrastructure projects, which further exacerbates the weak demand in the heavy-duty truck market.

China National Heavy Duty Truck Group sold 17009 heavy-duty trucks in August, a year-on-year decrease of 15.4%. China National Heavy Duty Truck Group once again secured the top spot in monthly heavy truck sales, leading the second place by nearly 5000 vehicles. On August 15th, the "Solar Terms King Ignites Wealth - China National Heavy Duty Truck Group's Howo MAX (the new generation of Solar Terms King WP13TNG-4.0) Honor Launch Ceremony" was held in Shijiazhuang. The Howo MAX 540 horsepower gas vehicle, upgraded based on the new NG4.0 power platform, made a stunning debut with the "Four Overrides", marking China National Heavy Duty Truck Group's Howo heavy-duty truck once again taking solid steps in the commercial vehicle field.

FAW Jiefang sold 12123 heavy trucks in August, a year-on-year decrease of 13.2%, ranking second in the industry. Despite the market downturn, FAW Jiefang has maintained a stable market position and continues to launch targeted new products on the front line of the market.

Shaanxi Automobile Group sold 10805 heavy trucks in August, a year-on-year decrease of 5.1%, ranking third in the industry and maintaining monthly sales above 10000 units. Shaanxi Automobile Group still maintains a steady market performance, with the lowest year-on-year sales decline rate among the top ten companies in the market downturn.

Dongfeng Motor sold 9847 heavy trucks in August, a year-on-year decrease of 6.5%, ranking fourth in the industry. Foton Motor sold 4562 heavy trucks in August, a year-on-year decrease of 35.4%, ranking fifth in the industry, with the largest year-on-year decline in sales among the top ten companies.

Dayun Automobile sold 2114 heavy trucks in August, a year-on-year decrease of 6.0%, ranking sixth in the industry. XCMG sold 1554 heavy-duty trucks in August, a year-on-year increase of 41.3%, ranking seventh in the industry in terms of sales volume, with the highest growth rate among the top ten companies in recent years.

Jianghuai Automobile sold 791 heavy trucks in August, a year-on-year decrease of 28.6%, ranking eighth in the industry in terms of sales volume.

BAIC Heavy Truck sold 655 heavy trucks in August, a year-on-year increase of 117.6%, entering the top ten in industry sales for the first time. Since the official launch of its products one year ago, BAIC Heavy Truck has rapidly made efforts in product and marketing, quickly seizing the market and missing the industry's remarkable growth momentum.

Beiben Heavy Duty Truck sold 597 heavy trucks in August, a year-on-year decrease of 16.9%, ranking tenth in the industry in terms of sales volume.

Regarding the automotive market situation from September to December this year, the China Association of Automobile Manufacturers (CAAM) believes that with the gradual effectiveness of the central scrapping and renewal policy, coupled with the gradual implementation of local replacement and renewal subsidy policies, it is expected to have a positive promoting effect on the automotive market in the next four months. In addition, the automotive industry is about to enter the traditional sales peak season of "Golden September and Silver October", and many cities will hold autumn car exhibitions. Major car companies are also continuously launching new products, which will help further unleash market consumption vitality.

For the heavy truck industry, large-scale equipment updates and trade in programs may become the only remaining favorable key points in the industry. It is imperative to seize the existing market, which will also become a key factor determining the industry trend for the whole year.

Article source: Image/Text by Ma Hanming from China Commercial Vehicle Network