China Light Truck Industry Report, 2013-2017 released by Sino Market Insight expects China’s light truck output will reach 2.286 million units in 2017.
In 2013, China’s light truck output was 1.795 million units, representing a year-on-year increase of 4.4%; the sales volume went up 4.0% year on year to 1.804 million units; the growth rate of output and sales volume showed an ascending trend instead of the previous declining tendency. From January to April of 2014, China’s light truck output was 672,000, up 3.8% year on year; and sales volume hit 657,000, rising by 0.5% year on year.
In 2013, Beiqi Foton, JAC, Jinbei, Jiangling and Great Wall Motor ranked as the top 5 light truck enterprises by sales volume in China, contributing 1.051 million units or 58.3% to the total. The state-owned listed company Beiqi Foton sold 389,000 light trucks in 2013, occupying 21.6% market share. Beiqi Foton runs Auman, Auv, Aumark, MP•X, VIEW, CTX, Forland, SUP, Midi, Tunland, LOXA and other brands, covering light trucks, medium and heavy trucks, minibuses, medium and large buses. It enjoys the share of 16.2% in Chinese commercial vehicle market, acting as the largest Chinese commercial vehicle enterprise for nine consecutive years.
he report contains 6 chapters and 75 charts. It introduces China commercial vehicle industry, light truck industry, competition pattern and future trends; analyzes profile, financial indicators, capacity, output, sales volume and development planning of 12 domestic vendors (embracing Beiqi Foton, JAC, Jinbei, Jiangling, Great Wall Motor, Dongfeng Motor).