January 13, 2016 | 10:08 PM by Fahad Khalid | fkhalid@jaguaranalytics.com

China Excavator Shipments Tumble -27% y/y

From RBC Capital –

Chinese market excavator shipments remained weak in December, declining 27% y/y, according to data released this morning by CMBOL. December was the twenty-second consecutive month with a y/ y decline of more than 20%.

Caterpillar underperformed the overall industry, with shipments -31% y/y to 471 units, while market leader SANY saw shipments decline 6% y/y to 713. Among other large OEMs, Kobelco, Komatsu and Hitachi saw y/y volumes decline 43%, 26% and 31%, respectively.

For the full year, industry shipments were -37% versus 2014. Notables include SANY (-28% y/y), Caterpillar (-30% y/y), Kobelco (-44% y/y), Komatsu (-53%) and Hitachi (-49% y/y).

Excavator Sales

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