Tractor Sales Continue to Rise with 150,600 Units Sold in Sept.

With regards to market share, the top nine together created a 99.09 percent of the market share and the top five together created a 87.46 percent of the total market share. According to the statistics above, FAW Jiefang was ranked No.1 in the market with 25.77 percent of market share. The second position in this ranking was occupied by SINOTRUK, with a 22.41 percent share. SHACMAN ranked third with a 15.92 percent share. It was followed by Foton, with a 11.84 percent share and Dongfeng with a 11.53 percent share.

For the first nine months, the total sales of tractors rose by 53 percent YoY to 641,100 units, 223,400 units more than the level recorded last year. Overall, 9 out of 10 makers has seen a positive growth with hongyan postint the highest growth of 165-percent, followed by Foton at 100 percent, SINOTRUK and JAC at 70 percent. Dongfeng, located in the epicenter of the global pandemic, also achieved a positive 34 percent growth to date despite a 18 percent decline in March this year due to Covid 19.