In February, what is the trend of the domestic chinese customer market?
The first commercial vehicle network recently learned that according to the production and sales data of the China Automobile Association, in February 2022, the mainland bus market (including non-complete vehicles) sold 23,300 units, down 23.5% month-on-month, down 3.6% year-on-year, and "double-down" month-on-year.
Among them, in February, 1661 medium-sized buses were sold, down 37.4% month-on-month, an increase of 5% year-on-year, and a year-on-year increase of more than 20 percentage points over the previous month (-16.09%). In February, the sales volume of 1,661 medium-sized buses accounted for about 7% of the total bus market share, down from the previous month (about 9%).
Looking at the sales volume and growth trend of medium-sized buses in February in the past five years, it can be seen that the medium-sized bus market in February in the past five years has shown a trend of "increase-decrease-decrease-increase-increase". Among them, the sales of medium-sized buses in February 2018 performed the best in the past five years, with a total of 2546 units sold; the market sales in February 2019, 2021 and 2022 were basically hovering around 1600 units.
In February, the sales volume of chinese customers achieved positive growth, and Dongfeng increased by more than 2.4 times to win the first place
In the top ten of the medium-sized bus sales market in February 2022, Dongfeng Company, Yutong Bus, Foton Motor, and FAW Toyota, which ranked in the top four, accounted for more than 10% of the overall sales volume of the chinese passenger market, accounting for more than 50% of the sales share of the chinese customer market.
February 2022 medium-sized bus market sales table (unit: unit)
Specifically, half of the top ten companies in the ranking achieved triple-digit sales growth, namely Dongfeng increased by 241% year-on-year, BYD increased by 204% year-on-year, CRRC Electric increased by 133% year-on-year, foton Motor and Xiamen Golden Travel both increased by 100% year-on-year. Of the remaining 5 companies, only one declined.
From the perspective of cumulative sales, from January to February this year, the cumulative sales of the Chinese passenger market were 43.15 million vehicles, a cumulative decrease of 9% year-on-year. Specific to the top ten sales companies, 7 increased and 3 fell, and among the enterprises that achieved growth, Xiamen Golden Travel performed particularly well, with a cumulative increase of 138%. Among the remaining six companies that grew, Dongfeng, Foton Motor and CRRC Electric increased significantly, reaching 62%, 45% and 42% respectively; among the three companies with declining sales, the most serious decline was nearly half.
Judging from the rankings, the top ten companies in February this year also changed greatly from January. Dongfeng Company won the top spot in February, Foton Motor, CRRC Electric, and BYD jumped to the top five in sales, and the rest of the companies fell from january.
The share of the top ten enterprises exceeds 90% Of the shares of Foton exceeded 11%, and returned to the top three
As shown in the figure above, from the perspective of market share, the top ten companies in February this year got nearly 92% of the share of the chinese customer market, up nearly 4% from the share of the previous month, and the total share of the top four companies reached 55.21%, and the four companies shared more than 1/2 of the share of the chinese customer market in February. The monthly share of Dongfeng, which ranked first, reached 21.37%, nearly doubling from 11.49% last month. In February, the sales volume of Chinese customers returned to Futian, which is in the top three, with a share of 11.2%.
In the medium-sized bus market in February, whether it is sales volume or market share, the change in corporate sales is still relatively large, but fortunately, the market has shown signs of recovery. In March, can the Chinese market continue to grow and create better performance? Let's look forward to it together.