Foton Ranks First among the Top Ten Light Truck Players

On March 2, sales report of light trucks was released. In January, China reported sales volume of 133.4 thousand units light trucks, a decrease of 12 percent over the previous year.

According to statistics, Foton Motor, JAC, Dongfeng and Great Wall, 4 companies saw their sales volume exceeding 10,000, which together accounted for 54.20 percent market share.

FAW Jiefang saw the biggest increase in January with a growth of 41 percent year-on-year. Another company achieving a double-digit growth is Great Wall Motor, which is up 17 percent. In January alone, Foton sold 24.8 thousand light trucks and ranked first with a year-on-year increase of 1 percent.

Four companies in Top ten saw a decline of more than 20 percent. One company even dropped by 38 percent on a year-over-year basis, hitting a record low. That was the main reason why the entire light truck market shows a huge decline this month.