2023 is about to pass, this year's market competition is about to come to an end, how to achieve sales growth and corporate profitability in the 2024 heavy truck market of "first establish and then break through and seek progress in stability" will be a new thinking proposition for commercial vehicle companies in 2024, and in the context of the "dual carbon strategy", how to achieve high-quality development is the primary proposition for future enterprise development.
According to the data of the China Association of the People's Republic of China, in November, the sales of heavy trucks were 710,000 units, a year-on-year increase of 525%；From January to November, the cumulative sales were 8590,000 units, a cumulative increase of 390%, the heavy truck market still maintained a high year-on-year growth rate.
Judging from the above data, the main reason for the high growth rate of the heavy truck market is due to the low base of the same period last year.
Sinotruk took the first place, and Foton doubled.
China National Heavy Duty Truck sold 14,352 heavy trucks in November, a year-on-year increase of 427%, ranking first in the industry in terms of sales. Sinotruk leads through science and technology, accurately predicts the market, fully meets the needs of users through continuous product innovation, and has achieved an increase in market share. In particular, it has achieved seven "firsts" in the long-distance logistics and transportation market, express delivery market, dangerous goods, muck trucks, refrigerated trucks, high-end special vehicles, AMT models and other market segments, becoming the biggest winner of the commercial vehicle industry in 2023.
FAW Jiefang sold 13,980 heavy trucks in November, a year-on-year increase of 545%, ranking second in the industry by a slight margin. FAW Jiefang recently held the 2024 annual business meeting, and the new leadership team made a collective appearance, determined the sales target of 340,000 units in 2024, and planned the specific work to be done to achieve the goal.
Shaanxi Automobile Group sold 13,133 heavy trucks in November, a year-on-year increase of 451%, the sales volume ranks third in the industry, Shaanxi Automobile Group held the 2024 business annual meeting to clarify the sales target for next year 1050,000 units, up 75%, and the market share increased by 2 percentage points. Dongfeng Motor sold 11,484 heavy trucks in November, a year-on-year increase of 448%, the sales volume ranks fourth in the industry, Dongfeng Motor's current cumulative sales of heavy trucks are 1360,000 units, which has basically been determined to be surpassed by Shaanxi Automobile to fourth.
Foton Motor sold 7,191 heavy trucks in November, a year-on-year increase of 1034%, ranking fifth in the industry in terms of sales, and the largest increase in the top five companies, doubling. A few days ago, Foton Motor held an ecological innovation conference in Guangzhou, releasing a number of new technologies and new products, highlighting the construction of a new pattern of commercial vehicle ecosystem. During the period, three new products of Auman Galaxy, Auman EST Starlight Edition and Auman GTL Star Wing Edition gas vehicles were launched, which will further promote Auman's sales in the field of gas vehicles.
Hongyan increased the most, and Jianghuai decreased slightly.
JAC sold 2,276 heavy trucks in November, down 2% year-on-year9%, ranking sixth in the industry in terms of sales, is the only one among the top 10 companies with a decline in sales.
Beiben Heavy Duty Truck sold 1,996 heavy trucks in November, a year-on-year increase of 669%, the sales volume ranks seventh in the industry, ranking the highest in recent years, and the cumulative sales volume of the year is also expected to rank ninth in the industry.
Dayun Automobile sold 1,734 heavy trucks in November, a year-on-year increase of 889%, ranking eighth in the industry in terms of sales volume.
XCMG sold 1,200 heavy trucks in November, a year-on-year increase of 552%, ranking ninth in the industry.
SAIC Hongyan sold 1,132 heavy trucks in November, a year-on-year increase of 2773%, the sales volume ranks tenth in the industry, and the growth rate ranks first in the industry. SAIC Hongyan's parent company, Power Xinke, recently announced that it will implement bond restructuring for some of SAIC Hongyan's dealers to help SAIC Hongyan and related dealers develop better. On January 6, 2024, SAIC Hongyan will also hold the 2024 business annual meeting with the theme of "Turning Green to Steady and Far-reaching" to make a new plan for future development.
2023 is about to pass, this year's market competition is about to come to an end, how to achieve sales growth and corporate profitability in the 2024 heavy truck market of "first establish and then break through and seek progress in stability" will be a new thinking proposition for commercial vehicle companies in 2024, and in the context of the "dual carbon strategy", how to achieve high-quality development is the primary proposition for future enterprise development. (China Commercial Vehicle Network Ma Hanming).
*: China Commercial Vehicle Network.