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Tractors Saw a 234.36% Jump Year-on-Year in February 2017

Date:2017-03-15 Source:www.chinatrucks.com

www.chinatrucks.com: According to the latest production and sales news from China Association of Automobile Manufactures, in February 2017, 56,042 semi-tractors are sold, slightly decreasing by 0.19% and 234.36 % jump year-on-year, and the growth rate is bigger than that of last month (+221.65%). The tractor market continues to be booming in early 2017, with sales rising over 200% in the first two months.

Ranking in Feb.	Enterprises/Total	Sales in Feb 2017	Year-On-Year Growth	Cumulative Sales in 2017	Cumulative Sales Last Year	Cumulative Growth	Growth Rate Ranking in Feb.
Ranking in Feb.	Enterprises/Total	56042	234.36%	112189	34072	229.27%	一
1	FAW	17461	236.11%	39135	10931	258.02%	6
2	SHACMAN	8857	192.21%	17873	5947	200.54%	7
3	SINOTRUK	8219	328.30%	16105	3550	353.66%	3
4	Dongfeng	7515	264.28%	13687	4267	220.76%	5
5	Foton	7506	174.54%	12506	5841	114.11%	9
6	Chengdu Dayun	2048	117.64%	4473	1914	133.70%	10
7	JAC	1238	一	2314	0	一	1
8	CAMC	1064	360.61%	1866	483	286.34%	2
9	SAIC-IVECO Hongyan	1014	271.43%	2055	532	286.28%	4
10	XCMG	528	177.89%	1211	355	241.13%	8

Sales of top ten enterprises sold 55,450 vehicles in total, amounting to 98.94% of total sales volume in semi-tractors segment in February. No.1 FAW Jiefang takes up 31.16% in the semi-tractor market, with a significant share of the market. Considering from the monthly growth rate, the tractor market is still hot in February. The growth rate of all enterprises are all higher than 100%, five of which are over 200%. CAMC and SINOTRUK even saw over 300% jump, reaching 360.61% and 328.30% respectively. (Note: JAC’s data of last year has not been reported to China Association of Automobile Manufactures, so there is no relative analysis.)

Tractors Saw a 234.36% Jump Year-on-Year in February 2017

The continuous sales rise makes the cumulative sales in 2017 very nice. During January and February of 2017, 112,189 semi-tractors are sold in Chinese market, 78,117 units more than that of last January and February, and the year-on-year growth rate is up to 229.27%. Sales volumes of enterprises that ranked top ten in February are all rising greatly, and even Foton’s volume, with the smallest growth rate, has increased by 114.11%.

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