China Tractor Truck Sales Drop in February, NEVs Gain Share

China’s tractor truck market saw a sharp decline in February 2026, mainly due to the Chinese New Year holiday. Total heavy-duty truck sales reached 28,400 units, down more than 40% both month-on-month and year-on-year. As the largest segment, tractor trucks also declined, ending a 10-month growth streak.

In February 2026, tractor truck sales totaled 15,500 units (insurance registration data, excluding exports and military vehicles). This was down 38% from January and down 47% year-on-year, a drop of about 14,000 units compared to February 2025. The overall heavy-duty truck market fell 41% year-on-year, meaning tractor trucks performed worse than the broader market.

Tractor trucks accounted for 54.59% of total heavy-duty truck sales in February, up from 51.57% in January. February is usually a low season. From 2022 to 2025, average February sales were about 23,000 units. The 15,500 units in February 2026 were well below this level, ranking as the second lowest in the past five years.

Among manufacturers, FAW TRUCKS ranked first in February with 3,735 units, followed by Sinotruk with 3,122 units. Foton ranked third with 2,068 units. Dongfeng and SHACMAN ranked fourth and fifth with 1,809 and 1,539 units, respectively. All other companies sold fewer than 1,000 units.

China Tractor Truck Sales – February 2026

Most major manufacturers reported year-on-year declines. Among the top 10 companies, only one recorded growth. Expanding to the top 12, three companies posted growth. United Trucks and Skywell saw strong increases of 116% and 6,150%, while Shandong REACH also achieved net growth. Meanwhile, most other companies reported double-digit declines, with the largest drop reaching 61%.

The top 10 companies accounted for 95.3% of the market. FAW TRUCKS and Sinotruk both held more than 20% share, at 24.1% and 20.1%. Foton and Dongfeng had 13.3% and 11.7%, while SHACMAN reached 9.9%. The top five companies together accounted for 79.1% of total sales.

Some rankings changed from the previous month. Shandong Leichi returned to the top 10, ranking 10th. Dongfeng and SHACMAN each moved up one place to fourth and fifth. Meanwhile, some companies dropped in ranking or fell out of the top 10. FAW TRUCKS, Sinotruk, Foton, SANY, Farizon and BAIC Heavy Truck kept their positions unchanged.

In the first two months of 2026, total tractor truck sales reached 40,500 units, down 13% year-on-year. The cumulative growth rate turned negative after showing a 48% increase in January.

China Tractor Truck Sales – January to February 2026

Among the top 10 companies, five recorded growth and five declined. XCMG and United Trucks led growth with increases of 107% and 190%. Foton, SANY and Farizon also posted gains of 1%, 29% and 5%. At the same time, several companies saw double-digit declines, with the largest drop reaching 34%.

The top 10 companies accounted for 94.9% of total market share in January-February. FAW TRUCKS ranked first with 22.2%, followed by Sinotruk, Foton and Dongfeng with 19.6%, 12.8% and 10.8%. SHACMAN and XCMG held 9.6% and 8.9%, respectively. Compared with last year, six companies increased their market share, led by XCMG, Foton and SANY.

In terms of market trends, competition remains intense, while powertrain types are changing. New energy vehicles (NEVs) are gaining share. In January-February 2026, NEV tractor trucks accounted for 37.2% of total sales, including 37.05% pure electric models. This was up 13.54 percentage points year-on-year. In contrast, the share of natural gas, diesel and methanol vehicles declined.

All of the top 12 manufacturers now offer NEV products. Among them, six companies have NEV shares above 90%. NEVs are becoming a key factor shaping the market.

Overall, tractor truck sales fell by nearly 50% year-on-year in February 2026, pulling cumulative performance into decline. At the same time, NEVs continued to grow fast, with a share above 37%. The market outlook and competitive landscape are likely to keep evolving.