Dallas, Texas (PRWEB) June 17, 2014
China Light Truck Industry Report, 2014-2017 expects China's light truck output will reach 2.286 million units in 2017 while China Medium Truck Industry Report, 2014-2017 forecasts China's medium truck output will be 151,000 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, MPX, 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 the Chinese commercial vehicle market, acting as the largest Chinese commercial vehicle enterprise for nine consecutive years.
The “China Light Truck Industry Report, 2013-2017” 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).
Purchase Report @ http://www.reportsnreports.com/purchase.aspx?name=288434.
From January to April of 2014, China's medium truck output and sales volume hit 57,300 and 56,200 respectively, down 19% and 15% separately compared with the same period in 2013. The decline rates touched the bottom since 2012, because medium trucks targeted at individual consumers, less economical than heavy trucks in long-distance transport while less flexible than light trucks in short-distance transport. In the future, the market share of medium trucks will shrink further under the threat of heavy and light trucks.
In terms of vehicle sales volume, China National Heavy Duty Truck Group, Dongfeng Automobile, Anhui Jianghuai Automobile, Chongqing Lifan and Beiqi Foton ranked the top with the respective sales volume of 14806, 10765, 6053, 4465 and 4405, accounting for 72.0% of the total sales volume of medium trucks together.
As one of the major heavy-duty truck and military vehicle production bases in China, China Heavy Duty Truck Group is an all-series commercial vehicle conglomerate producing more than 2,000 models of heavy truck, medium truck, light truck, special trucks, buses, special vehicles and with brands such as Sitrak, Howo, Steyr, Huanghe Commander, Gold Prince, Hohan, Wangpai, Folor,and Wero, boasting the most complete range of drive types and powers in China's heavy truck industry. In 2013, the Group operated nearly 900 sales units, more than 1,200 service stations, a nationwide distribution network, a parts supply network as well as an after-sales service & maintenance network.
The report “China Medium Truck Industry Report, 2014-2017” contains six chapters and 75 charts, introducing China commercial vehicle industry, medium truck industry, competition patterns and future trends. It also analyzes profile, financial indicators, capacity, output, sales volume and development planning of 13 major domestic automobile manufacturers, such as China National Heavy Duty Truck Group, Dongfeng Automobile, Anhui Jianghuai Automobile, Chongqing Lifan Automobile, Beiqi Foton Motor, Sichuan Hyundai Motor and Zhejiang UFO Automobile Manufacturing.
Purchase Report @ http://www.reportsnreports.com/purchase.aspx?name=288436.
Explore other new reports by SinoMarketInsight @ http://www.reportsnreports.com/publisher/sinomarketinsight/.
ReportsnReports.com is an online market research reports library of 200,000+ reports and in-depth studies of 5000+ micro markets. Call +1 888 391 5441 with your industry research requirements or email the details on sales at reportsandreports.com.