In January, due to the two most important segments of the commercial vehicle market, heavy trucks and light trucks, continuing the continuous decline trend of the previous year, the commercial vehicle market failed to harvest a "good start" in 2022; in February, how did the commercial vehicle market perform? Who among the commercial vehicle powers such as Foton, Dongfeng and FAW can win the first place in the commercial vehicle market in February?
Take a look at the report of the First Commercial Vehicle Network.
February sales of 249,900 units down 17% The decline has narrowed significantly
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 commercial vehicle market sold 249,900 units, down 17% year-on-year, a decline of 8 percentage points narrower than the previous month (-25%), about 49,000 vehicles less than last February, since May 2021, the commercial vehicle market has declined for 10 consecutive months.
Looking at the commercial vehicle sales and growth trend chart in February in the past five years, it can be seen that the commercial vehicle market in February in the past five years has come out of a downward-increasing-decreasing-increasing-increasing-decreasing trend, except for the special situation in February 2020, the sales volume of the commercial vehicle market in February in the past five years has been in the range of 240,000-300,000 units, and the high point of sales is in 2021, and the sales volume of the commercial vehicle market in February of that year reached 298,900 units. In terms of figures alone, the commercial vehicle market sales of 249,900 units in February 2022 are at a moderate level in five years, which is a decent performance.
From the perspective of cumulative sales, from January to February this year, the cumulative sales of the domestic commercial vehicle market were 593,900 units, down 22% from 758,800 units in the same period last year, and down about 165,000 units, about 78% of the cumulative sales in the first two months of last year. The cumulative sales volume of 593,900 units in the commercial vehicle market in the first two months of this year has also been normal in the past five years.
Futian returns to the top of the monthly list Chang'an and Chase achieved growth
In February 2022, nine companies in the commercial vehicle market sold more than 10,000 units, with the top five selling more than 20,000 units, and Foton Motor returned to the top of the monthly sales list of the commercial vehicle market with a performance of 37,300 units.
Commercial Vehicle Market Sales Table for February 2022 (Unit: Unit)
As can be seen in the above table, in February 2022, the commercial vehicle market fell by 17% year-on-year, specific to the top ten companies in February, ten companies increased by 2 and fell by 8, and the number of companies that achieved growth decreased by one compared with the previous month (the top 10 companies in the commercial vehicle market in January increased by 3 and decreased by 7). In February, Chongqing Changan and SAIC Maxus achieved growth, and sales in February increased by 9% and 28% year-on-year, respectively, it is worth mentioning that Changan and Chase have achieved "two consecutive increases" in 2022. Of the 8 companies that declined, 6 fell by double digits, of which 4 companies fell more than the overall decline in the commercial vehicle market, and the sales of the most serious decline companies fell by 46% year-on-year in February; Futian, Jianghuai, Jiangling and other companies fell lower than the overall decline in the market, outperforming the "broader market".
From the perspective of market share, the total share of the top ten companies in February reached 79.57%, and the total share of the top five companies reached 53.41%. In February, only two companies in the commercial vehicle market accounted for more than 10%, and Foton and Dongfeng shared the 14.92% and 11.66% share of the commercial vehicle market in February, respectively.
In February, the gap between neighboring enterprises in the commercial vehicle market did not widen, the gap between Dongfeng and Chongqing Changan, ranked 2nd and 3rd, was less than 2%, and the gap between FAW and Sinotruk ranked 4th and 5th was only 1.07%, in addition, the share gap between Changan and FAW, HEAVY Duty Truck and Jianghuai, SAIC-GM-Wuling and SAIC Maxus was less than 1%, and the gap between the share of Great Wall and Wuling, which ranked 8th and 9th in February sales, was only 0.08%, and the competition in the commercial vehicle market was very fierce in the first two months of 2022.
From the perspective of cumulative sales, the cumulative sales of the commercial vehicle market in January and February this year were 593,900 units, a cumulative decrease of 22% year-on-year, specific to the top ten sales of the 3 increase and 7 declines, Chongqing Changan, SAIC-GM-Wuling and SAIC Maxus three companies in the rising range, the first two months of this year's commercial vehicle sales increased by 43%, 15% and 28% respectively. Declining companies all fell by double digits, with the worst-falling companies falling by 58 percent.
From the perspective of cumulative share, the cumulative share of 3 companies in the commercial vehicle market from January to February this year exceeded 10%, the cumulative share of Foton, Dongfeng and Changan in January and February this year reached 13.2%, 12.93% and 12.03% respectively, and the cumulative share of Sinotruk and FAW was also close to 10%, reaching 9.21% and 8.73% respectively.
In February, Foton returned to the top of the monthly sales list of the commercial vehicle market, and the monthly rankings of FAW, Jiangling and Great Wall all improved compared with January, but there were also many companies that declined in the rankings... In the new year, the fierce competition in the commercial vehicle market has begun, and the industry pattern next month may be a different scene, please pay attention to the next report of this site.