China Sold 472,300 Units Commercial Vehicles in November

According to the latest statistics, China sold 472,300 units commercial vehicles in November, up by 18% year on year. The monthly sales volume has reached the highest level since January this year.

Among the top ten players in the commercial market, nine reported positive growth while only one saw its sales decline. CNHTC, with an impressive growth rate of 81%, took the lead in the commercial vehicle market.

Commercial Vehicles Sales Ranking in Nov. 2020

It is also worth noting that Foton surpassed Dongfeng and made a new record in its sales in November. Since earlier this year, the two brands have been competing forcing against each other for the top place.

It is also showed that the combined sales volume of the top ten players in the commercial vehicle market in November accounted for 79.79% of the industry’s total and the combined sales volume of the top five accounted for 54.06% of the industry’s total. Foton, Dongfeng, CNHTC and SAIC Maxus Wuling recorded a market share of 13.00%, 12.63%, 11.27% and 10.10% respectively.

From January to November, China’s sales volume of commercial vehicles reached 4.6765 million units, up by 21% year on year. Compared with the sales volume in the same period last year, the sales volume in the first 11 months this year went up by 797,100 units.