As the largest segment of the bus market, the light bus market has a huge impact on the trend of the entire bus market. In the first 8 months of 2021, the continuous increase of the light passenger market made the bus market achieve "8 consecutive increases", and in the last 4 months of 2021, the continuous decline of the light passenger market directly led to the "4 consecutive declines" of the entire bus market.
The first commercial vehicle network recently learned that according to the production and sales data of the China Automobile Association, in December 2021, China's bus market (including non-complete vehicles) sold 53,700 vehicles, an increase of 34% month-on-month, a year-on-year decrease of 14%, and suffered "four consecutive declines" in the last four months of 2021. Among them, the light bus market sold 38,700 units, down 14% year-on-year, creating the largest decline in 2021, encountering "four consecutive declines", and the continuous decline in the light passenger market is also the main reason for the continuous decline in the bus market as a whole. In December, the sales volume of 38,700 light buses in the entire bus market accounted for 72.04%, narrowing by more than 6 percentage points from the previous month (78.92%).
Looking at the sales volume and growth trend of light buses in December in the past five years, it can be seen that the light bus market in December in the past 5 years has come out of a trend of increasing-increasing-decreasing-increasing-decreasing, and the sales volume of the light bus market in December in the past 5 years is not much different. Concentrated in the range of about 38,000 to 45,000 vehicles, but sales exceeded 40,000 units in December 2020, reaching 45,100 units, and the sales volume of 38,700 units in the light passenger market in December 2021 has been at a moderate level in the past five years, about 6,400 vehicles less than the five-year highest in December 2020.
From the perspective of cumulative sales, the cumulative sales of the young passenger market in 2021 are 411,100 vehicles, which is the peak level of the past five years. In 2021, the light passenger market exceeded 200,000 vehicles for the first time in 5 years after June, and it is also the "first" annual sales volume of the light passenger market in 5 years to exceed 400,000 vehicles. In 2021, the cumulative sales volume of the light passenger market after November (372,400 vehicles) exceeded the sales volume of the whole year of 2020, and from the overall data alone, the light passenger market performance in 2021 is very good.
Light bus market sales table for December 2021 (unit: unit)
As can be seen in the above table, the light bus market in December fell by 14% year-on-year, specific to the top ten companies in December to see ten companies 4 increases and 6 declines, three of the companies that achieved growth increased by double digits, the highest increase was Chongqing Chang'an, which ranked 3rd in monthly sales, reaching 45%, Xiamen Golden Travel and Xiamen Golden Dragon increased by 12% and 26% respectively in December, and Dongfeng Company's light passenger sales in December increased by 2% year-on-year, which is another enterprise that achieved growth. The six companies that declined in December all fell by double digits, and the worst declines fell by 51% year-on-year.
From the perspective of market share, the total share of the top ten companies in December reached 94.47%, the total share of the top five companies reached 74.84%, 5 companies shared nearly 3/4 of the share of the light passenger market in December, of which the monthly share of the top 3 companies exceeded 10%, the first ranked Jiangling Motors reached 9995 light passenger sales in December, more than 20% per month, reaching 25.83%; the share of SAIC Maxus and Chongqing Changan in December was 18.82% respectively. and 13.49%, is the other two companies in the light passenger market in December 2021 with a monthly share of more than 10%, ranking 4th and 5th in December sales, Foton Automobile and Xiamen Golden Travel have a share of 9.65% and 7.05% respectively in December.
From the perspective of cumulative sales, in 2021, the light passenger market will sell 411,100 vehicles, a cumulative increase of 19% year-on-year, and the cumulative growth rate will be 5 percentage points narrower than that of the previous 11 months (+24%), and about 67,000 more vehicles will be sold than in 2020. Specific to the top ten sales companies in December, ten companies increased by 9 and fell, most of the companies are in the rising range, the highest increase is ranked third in cumulative sales of Chongqing Chang'an, reaching 44%, more than the cumulative sales of 17,100 vehicles in 2020; SAIC Maxus's cumulative sales growth in 2021 is also more than 30%, Chase's cumulative sales of light passengers in 2021 are 80,700 vehicles, a year-on-year cumulative increase of 35%. In addition, the cumulative sales of Dongfeng Company and Xiamen Golden Travel reached 26% and 25% respectively, outperforming the light passenger market, and Jiangling Motors, which ranked first in cumulative sales, increased by 10% and sold about 8,700 more than in 2020.
In 2021, the light bus market achieved the only "8 consecutive increases" in the bus market, although it suffered consecutive declines in September and December, it still successfully exceeded the sales volume of 2020 after November, and finally sold 67,000 more vehicles than the whole year of 2020, and the cumulative increase of 19% also made the light passenger market the only segment to achieve growth in the bus market in 2021.