第一商用车网·2025-12-16 15:59Core Viewpoint - In November 2025, China's commercial vehicle sales increased by 24% year-on-year, with the truck market growing by 26%, slightly above the overall commercial vehicle market growth. The light truck segment, being the largest in the truck market, showed a mixed performance, raising questions about its competitiveness in the final month of the year [1][3][6]. Summary by Sections Overall Market Performance - In November 2025, the truck market sold 338,400 units, a month-on-month increase of 9% and a year-on-year increase of 26%. The light truck market sold 179,500 units, with a year-on-year growth of 7%, marking a "10 consecutive months increase" [3][4][6]. Light Truck Market Analysis - The light truck market's year-on-year growth of 7% in November was lower than the overall truck market's growth, indicating a recent decline in performance compared to earlier months. Cumulatively, from January to November, the light truck market grew by 6%, also lagging behind the overall truck market growth [6][28]. Historical Context - November is typically not a peak sales month for the truck market, with average sales in the last decade around 150,000 units. The 2025 November sales of 179,500 units ranked third in the last ten years, indicating a decent performance but not exceptional [8][10]. Company Performance - In November, nine companies sold over 10,000 light trucks, with Foton leading at 37,000 units, followed by Changan and Great Wall. The top five companies accounted for 56.07% of the market share [13][14][20]. - Year-to-date, Foton maintained the highest cumulative sales at 403,100 units, with a market share of 22.11%. Other notable companies included Changan, Great Wall, and Jianghuai, each exceeding 150,000 units in sales [20][21]. Growth Trends - Among the top ten companies, eight reported year-on-year sales increases in November, with Leap Motor and BYD showing significant growth rates of 142% and 70%, respectively. The overall light truck market growth was outpaced by several companies [18][19][23]. Market Share Changes - Compared to 2024, companies like Leap Motor and BYD saw notable increases in market share, while others experienced declines. The competitive landscape shifted, with Jianghuai and Changan moving up in rankings [26][28].