In January 2022, the sales volume of the heavy-duty truck market reached 95,400 units, and after half a year, the monthly sales of the heavy-duty truck market returned to the level of close to 100,000 units, which is very rare. In February, coinciding with the Spring Festival holiday, coupled with the performance of the same period last year was too "excellent", the heavy-duty truck market experienced an expected decline.
Heavy-duty trucks sold only 59,300 units in February, both month-on-month and year-on-year
The first commercial vehicle network has recently learned that according to the data of the China Automobile Association (the caliber of the number of invoices issued by enterprises, the caliber of non-terminal sales, the same below), in February 2022, the mainland truck market (including chassis and tractors) sold a total of 226,500 vehicles, down 28% from January, down 18% year-on-year, and the decline was significantly narrower than that of the previous month (-26%). Among them, the heavy-duty truck market (including chassis and tractors) sold 59,300 units, down 38% month-on-month and 50% year-on-year, and the decline was 2 percentage points larger than last month (-48%). As of February 2022, the heavy-duty truck market has expanded to "10 consecutive declines" since May last year.
Looking at the sales volume and growth trend of heavy-duty trucks in February in the past five years, it can be seen that the sales volume in February 2018 and 2019 was more than 70,000 vehicles, which is not much different; in 2020, only 37,600 vehicles were sold due to the epidemic and fell to the "bottom"; in February 2021, the sales of heavy-duty trucks reached a record high of 118,300 units, and the decline in the heavy-duty truck market in February 2022 is also expected. From a numerical point of view alone, in addition to the special situation of almost stopping production in February 2020 and the super performance in February 2021, the performance of the heavy-duty truck market in February this year was much worse than that of 2018 and 2019 (Note: The Spring Festival in 2018 and 2019 were also in February), and the performance of the heavy-duty truck market in February this year can be said to be quite poor.
After February, the cumulative sales of heavy-duty trucks this year were only 154,500 units, down 49% from 301,600 units in the same period last year, a decrease of about 147,000 units, and almost half of the cumulative sales in the first two months of last year. The first commercial vehicle network analysis believes that the heavy-duty truck market by the road freight rate and the impact of the national six switch has been continued to be sluggish for a long time, in January this year, the heavy-duty truck market can have close to 100,000 sales in fact, some dealers to cope with the next traditional sales season to prepare for the channel stock, and from the February sales point of view, the enthusiasm of dealers to prepare goods has dropped significantly.
The sales volume of the two enterprises exceeded 10,000, and the liberation won the crown, and Jianghuai entered the top six
February 2022 Heavy-duty truck (including chassis and tractor) market sales table (unit: unit)
As can be seen in the table above, the heavy-duty truck market in February this year fell by 50% year-on-year, a decline of 2 percentage points from January (-48%), and about 59,000 units less than in February last year, only about half of sales in February last year. In February, only two companies in the heavy-duty truck market, Jiefang and Heavy Duty Truck, sold more than 10,000 vehicles, and the number of monthly sales of 10,000 vehicles decreased by one compared with January. Jiefang and Heavy Duty Truck sold 16,800 and 11,900 heavy-duty trucks of various types in February, respectively, with their monthly shares exceeding 20%, reaching 28.37% and 20.12% respectively. In February, the total share of the top ten sales companies reached 97.97%, the total share of the top five companies reached 88.57%, and the total share of the top five in the industry was close to 90%, and the leading edge was very stable.
From the perspective of growth, all the top ten companies in february saw a decline in sales. Due to the excellent performance of various enterprises in February last year, the mainstream heavy-duty truck companies in February 2022 all declined, and the decline was double digits, but there were also many companies, including Shaanxi Automobile, Dayun and other companies, which fell by less than 50% of the overall market, outperforming the market "market".
From the perspective of cumulative sales, the cumulative sales of heavy-duty trucks in the mainland heavy-duty truck market from January to February 2022 were 154,500 units, down 49% year-on-year, only about half of the cumulative sales in the same period last year. Specific to the top ten sales companies, the ten companies are in the decline range, and the cumulative decline has reached double digits. Sinotruk, Dongfeng, Foton, Dayun, XCMG and Hanma Technology and other enterprises fell less than 49% of the industry as a whole, outperforming the market "market". From the cumulative share, the total share of the top ten sales companies reached 98.34%, the cumulative share of 3 companies exceeded 10%, the share of Jiefang and Sinotruk both exceeded 25%, reaching 27.61% and 25.54% respectively, Dongfeng shared the share of 17.49% of the heavy-duty truck market in the first two months of this year, and the cumulative share of Shaanxi Automobile and Foton in the first two months of this year was 9.95% and 8.15% respectively.
From the perspective of the industry pattern, the top ten members of the heavy-duty truck market industry in February 2022 are exactly the same as last month, and the ranking is slightly different. Among them, the fastest "upper" is jianghuai ranked 8th in January, jianghuai grabbed the 6th place in the monthly list with the performance of 1605 vehicles in February, it is worth mentioning that the best monthly ranking of jacques in 2021 is only 7th, and JAC returned to the top six in the industry after 13 months.
In February, the heavy-duty truck market handed over less than 60,000 report cards, but considering the superimposed impact of the Spring Festival holiday and the epidemic, this expected performance will not be difficult to accept. Next, the heavy-duty truck market will usher in the traditional peak sales season, but due to the extremely high "same-period sales" in the heavy-duty truck market in March and April last year (230,000 units and 193,000 units sold, respectively), it is almost impossible to achieve growth. It is difficult to predict in which month the first "victory" of the heavy-duty truck market will be achieved in 2022.