Top Ten Sales Ranking for Tractors in March

Statistics indicated that Chinese heavy-duty truck sales declined 19 percent year-on-year in March to 120,000 units, with decline rate falling 33 percentage points over last month (-52%). Among them, tractor sales decline 4 percent to 65,800 units on a year-over-year basis, but rose 188 percent on a month-over-month basis, with decline rate falling 31 percentage point over last month (-35%).

Specifically, six out of top ten tractor makers saw a positive increase, while the rest four reported a decline. Among the top six tractor makers, it said JAC and Hongyan rose by 88 and 63 percent respectively, the greatest increase, followed by Foton at 44%, CAMC at 44%, SHACMAN at 19% and SINOTRUK at 4%.

Top Ten Sales Ranking for Tractors in March

With respect to market share, the combined share of top ten manufacturers accounts for about 99.24 percent of the total market share. The top five accounts for nearly 90 percent of the total share in March. The top two manufacturers, Jiefang and SHACMAN control over 40 percent of the market.

Despite being affected by the coronavirus, the tractor sales for the first quarter has been fine so far. With respect to cumulative sales, the tractor sales for the first quarter totalled 154,900 uints, a 6 percent increase year-on-year, and over 10,000 more units were sold compared to the same period last year. Specifically, eight out of top ten tractor makers saw a positive increase, while the rest two achieved a decline. Among the top ten tractor makers, it indicated that Hongyan rose by 132 percent, the greatest increase, followed by CAMC at 65%, FOTON at 55% and SINOTRUK at 14%, JAC at 22%, XCMG at 11%, SHACMAN at 8%, and Jiefang at 5%.