Heavy Truck Sales in September 2024
In September 2024, China’s heavy truck market recorded sales of 43,500 units. While this marks an 8% increase from August, it also represents a significant 26% decline compared to the same month last year, highlighting ongoing challenges in the sector.
Sales Rankings
No manufacturer surpassed 10,000 units sold in September. Dongfeng led the market with 9,419 units, closely followed by FAW Jiefang, which sold just 30 units fewer. China National Heavy Duty Truck secured third place with 7,078 units sold. Foton and Shaanxi Automobile also performed well, with sales of 4,787 and 4,298 units, respectively.
SANY, XCMG, and JAC ranked sixth to eighth, with sales of 1,956, 1,292, and 1,013 units. Yuncheng Commercial Vehicles and Beijing Automotive rounded out the top ten with 998 and 671 units sold.
Market Share Analysis
The top ten manufacturers together accounted for 94.1% of the market share in September. Dongfeng and Jiefang each held over 20% of the market, with shares of 21.67% and 21.60%. China National Heavy Duty Truck and Foton followed with shares of 16.28% and 11.01%, while Shaanxi Automobile held 9.89%.
Performance in the First Three Quarters
From January to September 2024, total heavy truck sales reached 431,200 units, a 9% decrease year-on-year. No company has yet crossed the 100,000-unit threshold for total sales. FAW Jiefang led with 98,600 units sold, followed by Dongfeng at 90,900 units and China National Heavy Duty Truck with 80,800 units.
Additionally, SANY exceeded 10,000 units in sales for the first three quarters, reaching 13,500 units. XCMG, JAC, Hongyan, and Dayun followed in seventh to tenth place with sales of 9,187, 8,820, 6,884, and 6,157 units, respectively.
Overall Market Share Summary
In the first three quarters of 2024, the top ten manufacturers controlled 93.72% of the market share. FAW Jiefang and Dongfeng both exceeded 20%, with shares of 22.87% and 21.09%, respectively. China National Heavy Duty Truck trailed with an 18.75% share, while Shaanxi and Foton had shares of 10.53% and 10.15%.
Submit Your Requirements, We Are Always At Your Service.
- WeRide Was Named to Fortune China's Most Admired Companies List for 2024
- Pacific Island Lawmakers Visit Foshan to Explore Advancements in Hydrogen Energy
- Hyundai's XCIENT Fuel Cell Trucks Achieve Record of 10 M km in Switzerland
- Bosch and JMC Form New Joint Venture for LCV Electric Drive Systems
- 136th Canton Fair Kicks Off with Over 30,000 Exhibitors
- Geely Radar Expands in Thailand with Strengthened Partnerships
- 2024 Canton Fair Schedule Announced: Opening on October 15
- Brazilian Chief Experience Officers' China Tour to FOTON
- DFAC Light Trucks Now Being Produced Alongside Mercedes and Isuzu in Morocco
- Surprise Birthday Gift for the President: SHACMAN X3000 Tractor
- Heavy Truck Sales in September 2024
- Heavy Truck Sales Reach 59,000 Units in July in China
- Tractor Sales in H1, 2024 Reached 162,100 Units, Up 4%
- China's Truck Export Reaches 351,076 Units in H1 2024
- XCMG Dominates 2024 with Record Sales in New Energy Heavy Trucks
- Mid-Year Pickup Market Report: JAC Exports Up 13%, JMC Exceed 36,000 Units
- Truck Exports in May 2024: China Exported Close to 65,000 Trucks
- Exports of Pickups Reached 22,892 Units in May
- Exports Surge by 157%! DFAC Exports 9,628 Vehicles from January to May
- China's Heavy Truck Exports Rising 58% YOY to 276,000 Units in 2023