In what is turning out to be a very difficult year for China’s motor vehicle industry, one bright spot is the country’s truck industry. After registering a stunning 52% increase in sales to an all-time high of 1.1 million units in 2017, sales of heavy-duty trucks increased another 15% in the first six months of 2018. While sales of heavy-duty trucks slowed in July and August, China’s truck makers will once again produce and sell more than one million heavy-duty trucks this year, making China the largest truck market in the world by a wide margin.
Of the 29 million vehicles produced and sold by China’s automakers in 2017, approximately 25 million were passenger cars and four million were trucks and buses. Trucks made up almost 90% of commercial vehicles last year, and within the truck category, 1.1 million heavy-duty trucks and 229,113 medium-duty trucks were sold in the country.