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China's Mini Truck Sales Drop 18% YoY in May

2026/06/24 Trucks
China's mini truck market extended its decline in May 2026, even as the country's overall truck industry continued to grow.

According to data released by the China Association of Automobile Manufacturers (CAAM), total truck sales, including chassis and tractor units, reached 323,500 units in May, up 11% year-on-year but down 6% from April.

In contrast, mini truck sales fell to 28,600 units, down 20% month-on-month and 18% year-on-year. The segment has now recorded two consecutive months of declines on both measures.

Despite the recent slowdown, cumulative mini truck sales for the first five months of 2026 totaled 203,700 units, an increase of 12% compared with the same period last year. The market added approximately 21,700 units year-on-year during the January-May period.

Eight manufacturers reported mini truck sales in May. Compared with the same month in 2025, four recorded growth while four posted declines.

Among the gainers, Changan increased sales by 13% year-on-year, Farizon posted a 44% increase, and Foton rose 34%. Shandong Leichi also achieved year-on-year growth. Meanwhile, several manufacturers experienced double-digit declines, with the steepest drop reaching 49%.

Wuling maintained its leadership position in the segment, selling 11,800 units in May and capturing a 41.2% market share.

Changan ranked second with 5,945 units sold and a 20.8% share, followed by Chery with 5,648 units and a 19.7% share.

Farizon, Shandong Kama and Dongfeng occupied fourth through sixth positions with sales of 2,037 units, 1,660 units and 1,239 units, respectively. Their market shares stood at 7.1%, 5.8% and 4.3%.

Shandong Leichi and Foton ranked seventh and eighth, accounting for 0.8% and 0.2% of the market, respectively.

For the first five months of the year, Wuling remained the dominant player with a 63.0% market share, while Changan held second place with 14.9%.

Chery, Kama, Farizon and Dongfeng followed with market shares of 9.7%, 6.6%, 3.0% and 2.2%, respectively. All other manufacturers accounted for less than 0.5% of the market.

The latest figures suggest that growth in China's mini truck sector is losing momentum. After consecutive declines in April and May, year-to-date growth slowed to 12%, down from 19% after the first four months of the year.

While the market remains larger than it was a year ago, the pace of expansion has weakened, leaving the outlook for the remainder of 2026 uncertain.

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