Heavy truck high growth is tightly related to the implementation of new GB1589. With the implementation of the new regulations, a number of models need to be replaced by more compliance or more profitable trucks, this demand will continue for several months. In addition, up to July 1, 2017, China will implement National V emission standard across the country. The heavy truck will continue to keep hot sales in the first half of 2017.

Sales Growth	Enterprise	Sales in January 2017	Sales in December 2016	Growth month-on-month	Sales in January 2016	Year-on -year Growth
-	Total	84566	71950	18%	38608	119%
1	FAW	24000	7000	243%	7500	220%
9	DONGFENG	14000	17000	-18%	8500	65%
10	SINOTRUK	13000	16000	-19%	7000	86%
5	SHACMAN	12000	13500	-11%	5000	140%
6	FOTON	7600	9000	-16%	5300	43%
2	JAC	750	2800	168%	2323	223%
4	DAYUN	2520	2500	1%	1129	123%
3	HONGYAN	1807	1570	15%	810	123%
8	CAMC	1139	1380	-17%	546	109%
7	Beiben	1000	1200	-17%	500	100%

 

We can see from above chart that the year-on-year growth of top 10 heavy truck manufacturers are all increased. Especially Jiefang and JAC have growth by over 200%.

 

 

According to the report, in January 2017, the heavy truck sales of FAW, DONGFENG, SINOTRUK and SHACMAN have exceeded 10000 units. FAW Jiefang still keeps high growth, delivered 24000 units in this January, up by 220% year on year and 243% month on month. The sales of DONGFENG, SINOTRUK and SHACMAN are 14000 units, 13000 units and 12000 units. It is worth noting that, the three companies sales had better performance compared with the same period last year, but compared with December 2016, they saw a small decline in different degree.   

 

In addition, JAC sales of 7500 units have been close to the sales of Foton Daimler sales of 7600 units. This is due to the rapid growth in recent years, on the other hand, JAC may remain a part of the last year sales.