China Passenger Car Association: July 2023 Automobile Pickup Truck Manufacturer Wholesale Sales Ranking Quick Report

China Passenger Car Association: July 2023 Automobile Pickup Truck Manufacturer Wholesale Sales Ranking Quick Report

According to the data from the China Passenger Car Association Pickup Truck Market Information Joint Conference, the pickup truck market sold 39,000 vehicles in July 2023, a year-on-year decrease of 10% and a month-on-month decrease of 15%, which is at a medium-to-high level in the past five years. Due to the strong production of pickup trucks in the summer last year, the real estate market is sluggish this year, but the overall pickup truck demand situation has improved under the consumption promotion policy, which has promoted the overall pickup truck sales of 296,000 from January to July 2023, a year-on-year decrease of 2%, a relatively small decrease. In particular, the surge in overseas demand has driven the continued growth of China's pickup truck exports since the second half of last year, which is also a common feature of the overall strengthening of automobile exports in the automobile industry.

In July this year, pickup truck production fell 15.6% year-on-year, sales fell 10% year-on-year, and exports were 10,200 units, down 14% year-on-year. The seasonal decline in the domestic market was relatively stable, especially the pickup truck sales in the county and township markets increased steadily year-on-year, effectively offsetting the shrinkage of pickup trucks in large cities. From January to July 2023, the overall pickup truck sales volume was 296,000, and the year-on-year trend was relatively stable. Under the pressure of the sluggish real estate environment, driven by consumption promotion policies, China's pickup truck production and sales performance will remain relatively stable in 2023.

The year-on-year decline in pickup truck sales in July was due to the high base last year, and pickup trucks were still strong overall in the first half of the year. Great Wall Motors maintained its strong pickup truck leadership, and Jiangling Motors, Zhengzhou Nissan, and Jiangxi Isuzu performed strongly in the domestic pickup truck market. Some pickup truck companies seized the export opportunity to achieve strong growth. Great Wall Pickup, JAC Motors, SAIC Maxus, and Foton Motor had strong export trends, and exports accounted for more than 22% of the total sales of some manufacturers. The pickup truck trend of the main manufacturers in the domestic retail market is still relatively stable. The domestic pickup truck market is relatively stable, and the pickup trucks of Great Wall, Jiangling, Zhengzhou Nissan, and Jiangxi Isuzu are stable. The domestic electric pickup truck market is gradually starting, and electric pickup trucks such as Geely Radar are gradually cultivating the market.

Note: The data in this article is based on the monthly report of the Passenger Car Market Information Joint Conference (Commercial Vehicle Production and Sales News) - Final Draft

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