December 23, 2024

In November, the sales and sales of commercial vehicles exceeded 3 million heavy trucks and reversed their recovery.


The overall growth of the domestic auto market has continued unabated, and even commercial vehicles that have been underperforming have rushed up. According to the statistics of China Association of Automobile Manufacturers, the production and sales of commercial vehicles in November were completed at 316,700 units and 301,300 units respectively, up by 10.09% and 7.65% from the previous month, respectively, an increase of 1.14 times and 90.48% year-on-year respectively. From January to November, the production and sales of commercial vehicles completed 3.061 million and 300.24 million vehicles, respectively, an increase of 26.44% and 23.80% year-on-year, and the growth rate increased by 5.71 and 4.66 percentage points from January to October respectively. The commercial vehicle market situation improved markedly. The achievement of 3 million cars has increased by about 15% from the 2.65 million in the previous year.

China Automobile Association statistics also show that from January to November this year, the production and sales of automobiles were 12.2568 million vehicles and 12.203 million vehicles, respectively, an increase of 41.59% and 42.39% over the same period of last year, frequently hitting a record high.

Statistics also showed that among all types of commercial vehicle models, the truck market performed the best and grew by 36.89% in January-November. This type of vehicle accounted for two-thirds of the commercial vehicle market and became the main force driving the growth of commercial vehicles; passenger cars and trucks. The chassis only increased by 4.31% and 5.10%. Semi-trailer tractors and non-completed passenger vehicles are still lower than the same period of last year.

In the field of trucks, the rapid recovery of the medium and heavy trucks, which have fallen sharply in the first half of the year, has played an important role in the reversal of commercial vehicles. The mainstream heavy-duty truck companies performed well, causing the market sales in November to increase substantially year-on-year. As a result, heavy truck sales of 600,000 vehicles will be a foregone conclusion in the year, with a year-on-year increase of at least 11%. This outcome was unexpected for all truck companies in the first half of this year.



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