Core Viewpoint - The heavy truck market in China experienced a seasonal decline in February 2026, with sales dropping approximately 30% month-on-month and about 8% year-on-year, totaling around 75,000 units sold [1][3]. Group 1: Market Performance - In February 2026, the heavy truck market's sales were approximately 75,000 units, reflecting a month-on-month decline of nearly 30% and a year-on-year decrease of about 8% [1][3]. - Cumulatively, the heavy truck industry sold over 180,000 units in January and February 2026, marking a year-on-year growth of approximately 17% [1]. - The decline in February sales is attributed to seasonal factors, particularly the impact of the Spring Festival, which delayed the sales peak until March [3][5]. Group 2: Company Performance - China National Heavy Duty Truck Group (CNHTC) sold over 24,000 heavy trucks in February, achieving a year-on-year growth of about 7% and maintaining a market share of approximately 29.5% [9]. - Dongfeng Motor Corporation sold nearly 12,000 heavy trucks in February, with a cumulative sales figure of about 26,700 units in the first two months, reflecting a year-on-year increase of approximately 27% [12]. - XCMG and Foton both experienced growth in February, with Foton's sales reaching about 9,000 units, a year-on-year increase of approximately 2% [16]. Group 3: Market Trends and Future Outlook - The heavy truck market is expected to see a recovery in March 2026, driven by the post-holiday sales surge and strong overseas demand, particularly in exports [18]. - The introduction of a vehicle replacement policy in March 2026 is anticipated to provide a significant boost to the heavy truck market, stimulating sales further [18].