In October, heavy-truck sales exceeded 90,000 units, sealing the year’s total above one million.

2017-11-16


According to data from the China Association of Automobile Manufacturers, in October, production and sales of heavy-duty trucks reached 95,500 units and 92,300 units, down 6.92% and 8.72% month-on-month, but up 50.86% and 32.56% year-on-year. A straightforward analysis of these figures reveals that the month-on-month decline was less than 10%, indicating a steady yet moderating pace of market growth. Meanwhile, the year-on-year output increase of 50.86% suggests that the market had been sluggish prior to October 2016.

  According to data from the China Association of Automobile Manufacturers, in October, production and sales of heavy-duty trucks reached 95,500 units and 92,300 units, down 6.92% and 8.72% month-on-month, but up 50.86% and 32.56% year-on-year. A straightforward analysis of these figures reveals that the month-on-month decline was less than 10%, indicating a steady yet moderating pace of market growth. Meanwhile, the 50.86% year-on-year increase in production suggests that prior to October 2016, the market had been sluggish; following the implementation of the “September 21” overloading crackdown, demand surged, inventory remained relatively ample, and production capacity had not yet reached full throttle. By contrast, the more modest year-on-year growth in sales reflects that sales had already begun to pick up during the same period in 2016, with the higher base effect inevitably narrowing the year-on-year expansion.

  October 2017 sales data for the top ten heavy-truck manufacturers

  The combined heavy-truck sales of the top five companies accounted for 83% of October’s total sales, with FAW Jiefang retaining its championship title.

  Further analysis of sales data from major heavy-truck manufacturers reveals that in October, FAW Jiefang sold 21,957 heavy trucks, once again securing the top spot in sales. Year-on-year growth stood at 17.8%, while month-on-month sales edged down 6.9%, leaving overall volumes broadly stable. The narrowing year-on-year expansion and the slight month-on-month decline align with broader industry trends; the high base effect naturally leads to tighter, downward‑trending comparisons. This dynamic, in turn, underscores FAW Jiefang’s position as the market leader. On the 11th, FAW Jiefang and Shell jointly launched the “Jiefang–Shell Home” service station in Changsha, signaling a strategic shift: FAW Jiefang has moved its marketing focus from pure sales to fostering deeper connections with its customer base, pursuing a more holistic and comprehensive approach. With its market position firmly established, the company’s marketing strategies have grown increasingly sophisticated.

  In October, Dongfeng Commercial Vehicle once again ranked second in heavy‑truck sales, with 16,887 units—up 29.5% year over year but down 12.6% month over month. The gap between it and the leader stood at 5,070 units, widening by 788 compared with the previous month, reflecting a significant increase in the lead. Recently, the third finals of the Dongfeng Tianlong Driver Competition were held in Shiyan. Compared with the first two editions, this year’s event generated less buzz among both the media and the driver community. Dongfeng Commercial Vehicle has markedly scaled back its external marketing efforts: first, no new models were launched; second, there was no public update on its collaboration with Volvo. Only after entering the third quarter, when the Dongfeng‑sponsored vessel set sail for the Volvo Ocean Race, did promotional activity pick up slightly—yet this remained somewhat detached from the industry itself, yielding little tangible impact. As a result, the publicity boost from the “Dongfeng” campaign proved largely inconsequential.

  China National Heavy Duty Truck Group ranked third with 15,000 units sold, up 49.3% year over year but down 7.1% month over month. Its lead over the second-place contender stood at 1,887 vehicles, a gap that narrowed significantly compared to the previous month. Recently, China National Heavy Duty Truck Group organized an expedition along the Sichuan–Tibet Highway, which helped bolster brand awareness and highlight product quality. Meanwhile, MAN’s real‑world technology challenge has grown increasingly sophisticated—both in its experiential marketing approach and in the competition itself—making its contribution to sales increasingly evident.

  In fourth place is Shaanxi Automobile Heavy‑Truck, with October sales of 13,357 units—up 47.3% year over year but down 16.4% month over month. Its gap with the third‑place contender stands at 1,643 units, marking the largest month‑over‑month decline among the top ten companies. In fifth place is Foton Daimler, with October sales of 9,960 units; its lead over the fourth‑place firm is 3,397 units, a margin that has narrowed slightly from the previous month.

  In October, the combined sales of the top five heavy-truck manufacturers accounted for 83% of total heavy-truck sales, a slight decline in share, forming the leading group. Within this group, three tiers can be identified: the gap between the first and second places, as well as between the fourth and fifth, is substantial. FAW stands far ahead, while Dongfeng, Sinotruk, and Shaanxi Auto remain closely matched. Foton’s average monthly sales hover around 10,000 units, with gaps ranging from 3,000 to 5,000 units compared to the leader. Fortunately, its lead over the nearest competitor is sufficient to maintain its position as a mainstream player.

  JAC Motors posted the largest month-over-month increase in heavy-truck sales in October.

  JAC Motors returned to sixth place this month, with October sales of 4,033 vehicles—down 3.35% year over year but up 28.15% month over month. It posted the largest month-over-month growth among the top ten automakers, widening its lead over the seventh-place contender by nearly 6,000 units.

  This month, SAIC Hongyan ranked seventh with sales of 3,611 units, up 225.61% year over year and slightly up 0.03% month over month—making it the only company in the top ten to post double-digit growth on both a year-over-year and month-over-month basis. Its lead over the sixth-place competitor stands at 422 units. Notably, from January to October, SAIC Hongyan’s cumulative sales reached 34,277 units, capturing a 3.56% market share—meeting and surpassing the targets set at the年初商务年会 for both volume and market share. However, the real test will begin in 2018: How can the company sustain steady sales growth? How can it climb higher in the rankings? And how can it raise its market share to 5%? SAIC Hongyan has likely already mapped out its plans for the future.

  In eighth place, Dayun Automobile reported October sales of 2,504 units, up 8.45% year over year but down 5.79% month over month, with a gap of nearly 1,000 units from the seventh‑ranked manufacturer. Ninth-placed Hualing recorded October sales of 1,320 units, down 15.38% year over year and 1.27% month over month, making it the only company in the top ten to post declines on both a year‑over‑year and month‑over‑month basis. In tenth place is XCMG Automobile, with October sales of 1,161 units—up 13.60% year over year but down 11.85% month over month.

  Overall, Jiefang and Hongyan have maintained their established positions and continued to grow, while other manufacturers have posted steady performance across the board. As the year draws to a close, this consistent showing underscores that all companies remain committed to achieving new annual sales records.

  October marks the start of the fourth quarter and signals that 2017 is drawing to a close. With only the final two months remaining, heavy‑truck manufacturers have their last chance to make their move. The race for market leadership is becoming increasingly clear, and the rankings are taking shape: who will claim the year’s sales crown? And which companies will see gains or losses over the course of the year? The efforts of these two months could tip the scales—or leave things much as they are. In any case, the final opportunity of 2017 is right around the corner; how each commercial‑vehicle maker seizes it will depend on its performance in the weeks ahead.

  From January to October, heavy-truck sales totaled 963,400 units. Based on an average monthly volume of 90,000 units, it is now virtually certain that annual heavy-truck sales will surpass one million. Unlike the market conditions in 2010, when a surge was driven by national macro‑control policies, today’s growth reflects industry‑wide transformation and upgrading. As this transition is expected to continue for some time, 2018 is likely to maintain a steady, positive market trend, paving the way for a new round of competition.

Tags: