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 2021, the light passenger market used 8 months of growth to help the entire bus market to achieve growth; in January 2022, the light passenger market fell by 18%, and the bus market as a whole fell by 16%, failing to gain a good start. In February, how did the light passenger market perform?
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 bus market (including chassis) sold 23,300 vehicles, down 24% month-on-month and 4% year-on-year. Among them, the light bus market sales of 19,800 units, down 6% year-on-year, the decline narrowed by 12 percentage points from the previous month (-18%), in February, the sales volume of 25,100 light buses in the entire bus market reached 84.77%, an increase of 2.36 percentage points over the previous month (the proportion of light buses in the bus market in January was 82.41%).
Looking at the sales volume and growth trend of light buses in February in the past five years, it can be seen that the light bus market in February in the past five years has come out of a trend of falling-increasing-decreasing-decreasing-increasing-decreasing, and the sales volume of 19,800 units in the light bus market in February 2022 is at the second highest level in the past five years, about 1,300 units less than the five-year highest point in February 2021, but also about 13,000 more than the five-year lowest point in February 2020. From the perspective of cumulative sales, the cumulative sales volume of 44,900 vehicles in the light passenger market from January to February this year is also at the second highest level in five years, about 6,800 vehicles less than the five-year highest in 2021.
Light bus market sales table for February 2022 (unit: unit)
As can be seen in the above table, the light bus market in February fell by 6% year-on-year, specific to the top ten companies in February to see 5 increases and 5 declines, the growth is SAIC Maxus, Foton Motor, Xiamen Jinlong, Jianghuai Automobile and BYD, February sales increased by 24%, 29%, 17%, 16% and 3680% respectively (BYD only 10 light passenger sales in the same period last year); 4 declining companies fell to double digits, the decline of more than 6% of the overall light passenger market, the decline is more than 6% of the light passenger market as a whole. The worst-falling companies saw sales decline 61 percent year-over-year in February.
From the perspective of market share, the total share of the top ten companies in February reached 95.49%, and the total share of the top five companies exceeded 80%, reaching 82.61%. In February 2022, Jiangling Motors returned to the top position in the monthly sales list of the light passenger market with a monthly sales list of 4404 vehicles, the only performance of more than 4000 vehicles, with a monthly share of 22.29%; SAIC Maxus ranked second with a monthly share of 3966 vehicles and 20.07%; Chongqing Changan, Foton Automobile and Nanjing Iveco, which ranked 3-5, also had a share of more than 10% in February, reaching 16.45%, 13.67% and 10.12% respectively.
From the perspective of cumulative sales, from January to February this year, the cumulative sales of light passengers in the light passenger market were 44,900 vehicles, down 13% year-on-year, and about 6,800 vehicles were sold less than the same period last year. Specific to the top ten sales companies in February, the ten companies increased by 4 and fell by 6, and SAIC Maxus, Chongqing Changan, Xiamen Jinlong and BYD were in the rising range. From the perspective of cumulative share, as of February, there are 5 companies with a cumulative share of more than 10% this year, and Chongqing Changan, SAIC Maxus, Jiangling Motors, Nanjing Iveco and Foton Automobile have scored 21.52%, 20.59%, 18.01%, 10.92% and 10.58% of the light passenger market respectively.
In the first two months of this year, the light passenger market appeared "two consecutive declines", but the cumulative sales volume of 44,900 vehicles in the past two months is still a high level in the calendar year, after February, the gap between the light passenger market and last year's sales gap is less than 7,000, this gap is not difficult to "chase" in the light passenger market, and the 2022 young passenger market is worth looking forward to.