Data show that the company sold a total of 28,093 vehicles in April, an increase of 16.68%, a negative growth of 6.83%; light vehicle sales growth was significant, a total of 17,233 units sold, an increase of 23.76%.
The data released by the China Association of Automobile Manufacturers during the same period showed that in April the industry’s car sales were 1,841,700, an increase of 13.4% year-on-year and a 9.5% decrease from the previous month. Auto industry analysts believe that in April as the off-season sales, the chain fell in reasonable terms, and the sales data of Dongfeng Motor was better than the industry average.
It is noteworthy that the company’s main source of profit, Dongfeng Cummins, also showed strong recovery momentum. Although the cumulative sales volume for the year as of the end of April still showed a slight decrease year-on-year, sales data for April showed that 17,876 engines were sold this month, an increase of 12.48% year-on-year and an increase of 9.11% from the previous quarter.
Dongfeng Cummins Engine is highly relevant to the downstream heavy truck and construction machinery industries. In fact, the heavy truck industry in April has highlighted the recovery. According to statistics, in April, the total sales of heavy trucks in the industry totaled 81,300 vehicles, a decrease of only 5.6% from the previous month and a year-on-year increase of 30.3%. Industry analysts believe that in the second quarter, heavy truck sales are expected to reach a small peak, and may appear better than the normal off-season.
In addition, the company's data show that, in the context of a rebound in sales momentum, the company’s cumulative vehicle production this year was a decrease of 18.90% year-on-year, of which light vehicle production fell by 28.83% year-on-year. In the context of the weak economic recovery, the intention of the company to inventory is obvious.
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