In 2021, the worst performer in the bus market is undoubtedly the large bus market that achieved only brief growth in February and March. Since the second quarter, the large passenger market has suffered continuous declines, and in 2021, the large bus market finally ended with an embarrassing "9 consecutive declines".
The first commercial vehicle network recently learned that according to the production and sales data of the China Automobile Association, in December 2021, the mainland bus market (including non-complete vehicles) sold 53,700 units, an increase of 34% month-on-month and a year-on-year decrease of 14%, and suffered "four consecutive declines" in the last four months of 2021. Among them, the sales of large buses were 8310, a sharp increase of 102% over November, but it still fell by 8% year-on-year, suffering "9 consecutive declines". In December, the sales volume of 8,310 large buses accounted for 15.47% of the total bus market, an increase from the previous month (10.30%).
Looking at the trend of large bus sales and growth in December in the past five years, it can be seen that the large bus market in December in the past five years has come out of a trend of increase-decrease-increase-decrease, and the large passenger market has exceeded 10,000 units in December 2017-2019, of which more than 20,000 vehicles in December 2017, reaching 20,200 vehicles; in December 2020, the large passenger market fell below the level of 10,000 vehicles, only 0.91 million vehicles were sold, and the large passenger market fell by 8% in December 2021. The performance of 8310 vehicles fell to the lowest level in five years, and the sales volume of the large passenger market in December 2021 was only about 40% of the sales volume in December 2017, compared with December 2020, a sales gap of about 800 vehicles.
From the perspective of cumulative sales, in 2021, the cumulative sales of the large passenger market were 48,100 vehicles, which is also the lowest point in the past 5 years, which is the first time that the large passenger market has failed to break through the 50,000 sales mark in the past 5 years, and the cumulative sales of nearly 9,000 vehicles are less than in 2020, compared with the high level of 2017 in the past 5 years, there is a gap of about 46,000 vehicles, almost only half of the sales in 2017.
December 2021 large bus market sales table (unit: unit)
As can be seen in the above table, the large bus market in December fell by 8% year-on-year, the decline was significantly narrowed compared with the previous month (-32%), specific to the top ten sales companies in December, 7 increases and 3 declines: 6 of the 7 companies that achieved growth reached (super) double digits, Zhongtong Bus, FAW Jiefang and Geely Commercial Vehicles increased by more than 100%, reaching 211%, 1029% and 419% respectively, and the sales growth rate of Zhongtong Bus has exceeded 200% for three consecutive months. Yutong Bus and Xiamen Golden Dragon Sales in December increased by 20% and 24% year-on-year, respectively, are two other companies with double-digit growth rates, and another company that achieved growth, Xiamen Golden Travel, saw a year-on-year increase in sales of 7%; two of the three companies that declined fell by double digits, exceeding the 8% decline in the large-scale customer market in December, and the most serious decline in the company fell by 66% year-on-year.
From the perspective of market share, the total share of the top ten sales companies in December reached 93.67%, while the total share of the top five companies reached 75.25%, and the five companies shared more than 3/40% of the market share, of which the first yutong bus company ate more than 30% of the market share of the large passenger market in December, reaching 35.39%; the share of the three enterprises ranked 2-4 in December was 16.06%, 8.35% and 8.15% respectively. CRRC Electric and Xiamen Golden Travel, which ranked 5th and 6th in sales in December, grabbed 7.29% and 7.28% of the market share in the large passenger market in December, respectively, and the gap was very small.
From the perspective of cumulative sales, in 2021, the cumulative sales of the large passenger market (including chassis) were 48,100 vehicles, a cumulative decrease of 15% year-on-year, and the cumulative decline was 2 percentage points narrower than that of the previous November (-17%), and nearly 9,000 vehicles were sold less than the same period in 2020. Specific to the top 10 sales companies in December, 3 increases and 7 declines, most companies are in the decline range, only Zhongtong Bus, Suzhou Golden Dragon and Xiamen Golden Travel three enterprises are in the rising range, the cumulative sales growth rate in 2021 is 7%, 15% and 34% respectively.