China Passenger Car Association: Ranking of wholesale sales of pickup truck manufacturers in October 2022

According to data from the China Passenger Car Association's Pickup Truck Market Information Joint Conference, the pickup truck market sold 41,000 units in October 2022, down 6.8% year-on-year from October 2021 and 6.8% month-on-month from September this year. Due to the obstruction of pickup truck production under the epidemic last year, the pickup truck production situation has improved this year, resulting in strong production and sales performance of pickup trucks in October 2022, especially the 33% growth in exports, which is also a common feature of strong exports in the automotive industry. The overall pickup truck trend from January to October this year was relatively stable, reaching 428,000 units, a decrease of 2.5% from January to October 2021. Compared with the sharp year-on-year decline in trucks, the production and sales performance of pickup trucks is still very good.

In October, the sales ranking of pickup truck manufacturers changed significantly. Great Wall Motors maintained its strong leadership. Some pickup truck companies seized the export opportunity to achieve strong growth. In October, pickup truck exports reached 9,132 units, a year-on-year increase of 33%. This year, Great Wall Pickup, SAIC Maxus, JAC Motors and Foton Motor had a strong export trend, and exports accounted for nearly half of the total sales of some manufacturers. The pickup trucks of the main manufacturers in the domestic retail market are still stable. Jiangling Motors and Zhengzhou Nissan have a good trend. The top three pickup truck companies of Great Wall, Jiangling and Zhengzhou Nissan are relatively stable.

Under the general tone of the national automobile consumption promotion policy, the three guarantees policy and road right policy of pickup trucks strongly support pickup truck consumption, and major automakers have also launched passenger pickup truck products. Driven by the increasingly active pickup truck culture, the pickup truck market consumption continues to grow at a high rate. The combination of the commercial cannon, King Kong cannon, and passenger sports car of the Great Wall Cannon series reflects the new trend of pickup truck culture. Since the pilot of lifting the ban on pickup trucks in 2016, the country's attention to the liberalization of pickup trucks into cities has risen from the ministry level to the State Council level for the first time. The lifting of the ban on pickup trucks has once again received strong policy support, and the full lifting of the ban on pickup trucks is expected.

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