China Sold 12,000 Units Self-dump Trucks in August

China Sold 12,000 Units Self-dump Trucks in August
September 23,2019

The latest statistics show that China sold 12,000 units engineering self-dump trucks, down by 15.5% year on year. From January to August this year, China’s total sales volume of self-dump trucks reached 143,000 units, down by 21.3% year on year.

	January	Febrary	March	April	May	June	July	August	Total
Sales for 2019	18,315	14,597	28,475	24,547	19097	14,452	11,574	11,586	142,643
Sales for 2018	21,028	14,227	29,221	29,487	28,870	26,403	18,256	13,715	181,207
Growth Rate	-12.9%	2.6%	-2.6%	-16.8%	-33.9%	-45.3%	-36.6%	-15.5%	-21.3%

SHACMAN sold 26,000 units self-dump trucks in the first eight months this year, ranking the second place in the industry. However, its sales volume plummeted by 30.7% year on year compared with that last year. Its market share dropped slightly to 17.9% compared with that in the same period last year.Hongyan, with a total sales volume of 29,000 units self-dump trucks, ranks the first place in the industry. Compared with that in the same period last year, Hongyan’s sales volume dropped by 12.8% year on year. Also, its market shares reached 20.5%, two percentage points higher than that in the previous year. In August, despite the anemic market conditions, Hongyan sold 3,089 units self-dump trucks, up by 18.5% year on year.

	Hongyan	SHACMAN	Jiefang	SINOTRUK	Total
The First Eight Months for 2019	29,217	25,509	20664	16,549	91,939
Market share	20.5%	17.9%	14.5%	11.6%	64.5%
The First Eight Months for 2018	33,513	36,830	22,628	28,996	121,967
Market Share	18.5%	20.3%	12.5%	16.0%	67.3%
Growth Rate	-12.8%	-30.7%	-8.7%	-42.9%	-24.6%

From January to August this year, Jiefang and CNHTC sold 21,000 units and 17,000 units self-dump trucks, ranking the third and fourth place respectively in China’s self-dump truck market. In the same period, the two companies sales volumes declined by 8.7% and 42.9% respectively and their market shares reached 14.5% and 11.6% respectively.

The top four players in China’s self-dump truck market, Hongyan, SHACMAN, Jiefang, CNHTC had a combined sales volume of 92,000 units in the first eight months this year, accounting for 64.5% of China’s total sales volume. In the same time, the combined market share of the top four players dropped by 2.8 percentage points compared with that in the previous year.