Light Truck Gets a Strong Rebound, Increasing by 40% Year on Year
March 10,2017
www.chinatrucks.com: Sales for light truck stop slumping further, with a more than 40% rise in February. Statistics from chinatrucks.com shows that the top ten companies in the light truck segment sells 66,000 in February, up by 10% over last month and 42% year on year.
9 of the top 10 companies see year-on-year growth and most of them even have a double-digital growth rate. Among “four giants” of light truck market, namely Foton, JAC, JMC, Dongfeng, only JAC sees a little decrease, while the rest all sees positive growth with JMC even exceeding 100% year on year.
| Sales Volume of Light Trucks in February | |||||
| Companies | February | Growth over Last Month % | Growth over Last Year% | January and February | Accumulative Growth over Last year% |
| Foton | 19,300 | 16 | 58 | 36,000 | 19 |
| JAC | 17,900 | -1 | -1 | 36,000 | 18 |
| JMC | 8,990 | 34 | 144 | 15,700 | 29 |
| Dongfeng | 9,000 | 51 | 36 | 13,200 | 47 |
| Kama | 3,300 | -24 | 49 | 7,700 | 2 |
| Yuejin | 3,100 | -31 | 1 | 6,500 | 1 |
| Qingling | 2,600 | 60 | 50 | 4,200 | -14 |
| Hongta | 1,200 | 92 | 38 | 1,800 | -6 |
| Jinbei | 560 | -23 | 12 | 1,300 | 13 |
| Total | 65,900 | 10 | 42 | 122,400 | 17 |
| Source: made by chinatrucks.com | |||||
The light truck market turns better thanks to the better macro economy
Data shows that the light truck industry stops the previous decreasing trend and sees a growth rate of 42% year on year.
Source : www.chinatrucks.com
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