JMC: 15.9% of Sales Growth in Nov.
www.chinatrucks.com. A total of 15,903 vehicles was sold in Nov., growing by 15.9%, which was better than the expected performance of JMC.
From Jan. to Nov., the total sales reached 180,067, a 1.69% growth over the same period last year while the sales of commercial vehicle sector fell by a year-on-year decline of 8%. In Nov., sales of JMC transit, JMC light truck, JMC pickup and SPV were sold by 5,230, 5,086, 5,587 respectively with the year-on-year growth at 14.27%, 1.52% and 35.15%.
The rate of margin in sales reached 24.14%, 24.43 and 24.69 respectively with the growth slower than the price decline of raw materials in the first three quarters. Meanwhile, the expense ratio grew gradually by 8.65%, 9.27% and 10.52% respectively. It is believed that the improvement in promotion led to the growth in the fierce competition in the market.
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