China’s mini truck market closed 2025 with a slight decline, as total annual sales reached 428,900 units, down 1% from 2024. The market experienced a mixed performance throughout the year, with sales rising in January and February, falling from March to June, and rebounding from July to December.

According to the China Association of Automobile Manufacturers (CAAM), in December 2025, China’s overall truck market—including chassis and tractor trucks—sold 361,000 units, up 7% from November and 17% year-on-year. Mini trucks accounted for 45,000 units, marking a 25% increase compared with both November and December 2024. This represented six consecutive months of year-on-year growth, outperforming the overall truck market, which grew 17% in December.

Looking at historical trends, December mini truck sales over the past five years have followed a “down-down-up-down-up” pattern. December 2025’s 45,000 units ranked third in this period, about 18,000 units below the December 2023 peak, but nearly 9,000 units above December 2024.

December sales were concentrated among eight manufacturers. Five companies reported year-on-year growth, led by Wuling and FARIZON at 73%, Changan at 51%, and Foton at 59%. The remaining three companies saw declines, with the largest falling 55%.

December Sales Ranking & Performance (Unit: Vehicles)

Market share was heavily concentrated. Wuling led the segment with 25,600 units, capturing 56.8% of the December market, followed by Changan with 7,823 units (17.4%). Chery, Shandong Kama, Dongfeng, and FARIZON accounted for 9.8%, 9.2%, 3.2%, and 3.0%, respectively. The top six companies together held 99.5% of the December market.

Over the full year, seven companies posted growth while four saw declines. Wuling, Changan, Chery, Foton, and Yuchai New Energy grew 6%, 6%, 22%, 4%, and 700%, respectively. Shandong Leichi and Linghe also recorded gains, while the steepest drop among declining companies reached 95%.

In terms of annual market share, Wuling retained a dominant position with 52.2%, followed by Changan at 18.1% and Chery at 12.5%. Shandong Kama and Dongfeng held 8.4% and 5.0%, with FARIZON at 3.4%. All other companies accounted for less than 0.5% each.

Overall, while mini truck sales nearly reached 430,000 units in 2025, the market fell short of growth for the year. Analysts will be closely watching 2026 to see if the segment can recover.