Foton Motor Sales Declined 15.6% YoY in August

A few days ago, Beiqi Foton Motor Co., Ltd. (hereinafter referred to as "Futian Automobile", 600166) announced the company's product sales data report in August. According to this report, in August, Foton sold a total of 47,000 vehicles, which was 15.6% lower than the 55,700 units sold in the same period of last year. From January to August, the company’s cumulative sales reached 469,900 units, 391,700 units more than the same period of last year. Increased by 19.96%.

According to the data bulletin released by Foton Motor, the company’s sales of light passenger cars, light trucks, and medium-heavy trucks all declined in August, including 1,764 units of light passengers (1,872 units for the same period last year) and 37,000 light trucks sold. (43,000 vehicles in the same period of last year), sales volume of medium- and heavy-duty trucks was 62.24 million units (91.26 million units in the same period of last year), and the sales volume of 31.79% of the medium and heavy trucks saw the most significant decline.

"Generally speaking, July-September is the traditional off-season sales period of the commercial vehicle market, and this year's transportation market is not very good. The decline in sales volume of Foton Motor can be understood." An insider who sells commercial vehicles said to NetEase. , "Since the production cycle of medium and heavy trucks is relatively long, the order system is generally used in sales. This can also explain why the Futian medium and heavy trucks' product decline has become most apparent in August."

From the perspective of total sales from January to August, Foton Motor has achieved significant growth in the market for several subdivided models. Contrary to the single-month sales in August, the medium- and heavy-duty trucks were the best performing business units in Beiqi Foton this August.

From January to August 2010, Foton sold a total of 737,600 heavy trucks, an increase of 47.84% compared to 498,890 vehicles in the same period in 2009. In addition, in August, Foton Motor sold a total of 367,000 light trucks, an increase of 15.5% year-on-year; a total of 16,000 light passengers were sold, a year-on-year increase of 14.0%; and 2,609 medium and large passenger buses were sold, an increase of 43.3% year-on-year.

In terms of output, August Foton Motor produced a total of 47,000 vehicles, slightly lower than the company’s actual sales in August (47,100 units). From January to August, Foton Motor produced a total of 452,000 vehicles, up 12.5% ​​year-on-year, but the sales of Foton Motor reached 469,000 units in the same period, which also means that the Foton Auto product inventory situation is more reasonable.

Judging from the subdivision models, from January to August, Foton Motor produced a total of 71,200 medium- and heavy-duty trucks, an increase of 36.7% year-on-year; cumulative production of light trucks was 352,300, an increase of 8.4% year-on-year; production of light passengers was 16,800, an increase of 18.1 percent year-on-year. %; Cumulative production of 2,409 buses, an increase of 31.6%.