Sinotruk leads the heavy-duty truck market, with the highest sales in November

Sinotruk leads the heavy-duty truck market, with the highest sales in November

Sales ranking Company Name
Heavy trucks
November sales This month's share Year-on-year growth This year’s total Cumulative market share
68478 100.00% -3.70% 817776 100%
1 Sinotruk 20377 29.80% 42.00% 225859 27.60%
2 FAW Jiefang 12733 18.60% -8.90% 163686 20.00%
3 Shaanxi Auto shacman 12459 18.20% -5.10% 136882 16.70%
4 Dongfeng 9700 14.20% -15.50% 127339 15.60%
5 Foton Motor 5678 8.30% -21.00% 64648 7.90%
6 Dayun Motor 0 0.00% -100.00% 21641 2.60%
7 XCMG Motor 1800 2.60% 50.00% 17834 2.20%
8 JAC Motor 1335 1.90% -41.30% 12708 1.60%
9 Beiben Motor 1056 1.50% -47.10% 9910 1.20%
10 BAIC Motor 1019 1.50% 277.00% 6165 0.80%
11 others 2321 3.40% -34.00% 31104 3.80%
Data source: China Association of Automobile Manufacturers
Highlights of Sale Data of Nov 2024
1. Sinotruk achieved a record high monthly heavy-duty truck sales as the industry leader, 20377 excellent performance, with a year-on-year growth 42%, a month-on-month increase 23.4%.
Sinotruk 2024 Year 1-11 Monthly Heavy Truck Sales 225859 trucks, with a market share of 27.6%, continuous 11 for the first month.

2. Although other brands such as FAW Jiefang, Shaanxi Auto(shacman), and Dongfeng Motor Corporation also have good sales, their growth rate is not as good as that of Sinotruk.

For example, FAW Jiefang's sales in November were 12,733 trucks, a year-on-year growth rate of -8.9%, while Shaanxi Auto(shacman)'s sales in November were 12,459 trucks, a year-on-year growth rate of -5.1%.

These data show that although these brands have a certain share in the market, their growth rate is not as fast as that of Sinotruk.

3. Sinotruk has not only achieved rapid growth in sales of heavy-duty and light-duty trucks, but also achieved a leading position in market share and export volume. It is estimated that the annual sales of complete vehicles will reach 370,000 units, a year-on-year increase of more than 10%.
Contact ADVENCAR if interested in reselling these popular trucks in your city

 

Back to blog

Leave a comment