Like the heavy-duty truck market, the mid-truck market made a bad start in 2022, suffering "two consecutive declines" in the first two months, with a decline of 46% and 10% respectively.
In March, the heavy-duty truck market continued to decline, and the decline was more than 60%, what is the performance of the medium-sized truck market? Take a look at the analytical reports brought by the first commercial vehicle network.
Sales in March of 12,300 units increased by 14% month-on-month The year-on-year decline widened
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 March 2022, the mainland truck market (including chassis and tractors) sold a total of 332,000 units, an increase of 46% from February, a year-on-year decrease of 45%, and the decline rate was significantly expanded compared with the previous month (-18%). Among them, the medium-sized truck market (including chassis) sold 12,300 units, an increase of 14% month-on-month, down 53% year-on-year, a sharp increase of 43 percentage points from the previous month (-10%), and the continuous decline momentum of the medium-sized truck market since July last year has expanded to "9 consecutive declines".
Looking at the trend chart of the sales and growth of medium-sized trucks in March in the past five years, it can be seen that the medium-sized truck market only harvested growth in March 2021, with an increase of 99%, and the sales volume of 26,400 vehicles in the medium-sized truck market in March of that year was also the highest in the past five years; in March of the last five years, the sales volume of the medium-sized truck market was less than 15,000 units in 2020 and March 2022, and the lowest level in five years in March this year. In terms of figures alone, the performance of 12,300 vehicles in the Mid-Truck Market in March this year was even worse than that of March 2020, which was the hardest hit by the epidemic.
From the perspective of cumulative sales, from January to March this year, the cumulative sales of the truck market were 32,500 vehicles, down 42% from 55,600 vehicles in the same period of the previous year, a decrease of about 23,000 vehicles, you know, this gap is less than 10,000 vehicles after February, from this point of view, March can be said to be the worst month of performance in the mid-truck market this year.
Foton's more than 4,000 vehicles returned to the top of the list Liberation, the third ring road and other growth
In March 2022, the C-CIKA market fell by 53% year-on-year, a significant increase from the previous month (10% year-on-year decline in the C-CIKA market in February).
March 2022 Mid-duty Truck (including Chassis) Market Sales Table (Unit: Unit)
As can be seen in the above table, in March 2022, the C-truck market experienced a 53% year-on-year decline, and the performance of each company was different; in March, there were 4 companies with sales of more than 1,000 vehicles (an increase from February): Foton Motor rushed to the top of the monthly sales list of the C-truck market in March with sales of 4122 vehicles, returning to the top of the monthly sales list, with a monthly share of 33.44%; Jiefang, Dayun and Jianghuai, which ranked 2-43, sold 2465, 1745 and 1672 vehicles respectively. In March, the total share of the top ten sales companies reached 99.46%, while the total share of the top five companies reached 87.59%, 5 companies shared nearly 90% of the share of the C-ka market in March, and the top two Foton and Jiefang had a share of more than 20%, reaching 33.44% and 20% respectively, the two companies shared more than 50% of the share of the C-card market in March, and Dayun and Jianghuai, ranked 3rd and 4th, were the other two companies with a share of more than 10% of the C-card market in March. In March, the C-truck market received a share of 14.16% and 13.56% respectively.
From the perspective of growth, the top ten sales in March increased by 2 and fell by 8, and the mainstream enterprises in the middle truck market in March took the decline as the main theme, and many companies suffered consecutive declines. In March, the growth of the medium-scale truck market was achieved by FAW Jiefang and Hubei Sanhuan, an increase of 44% and 108% year-on-year, respectively; the decline of declining enterprises reached double digits, many companies fell by more than 50%, more than 53% of the overall middle-card market, and the sales of the most serious decline companies in March fell by 93% year-on-year.
From the perspective of cumulative sales, the cumulative sales of the mainland mid-truck market from January to March 2022 were 32,500 units, down 42% year-on-year, and the cumulative decline was 11 percentage points larger than after February (-31%). Specific to the top ten sales of enterprises, 2 increases and 8 declines, Liberation and the third ring is in the rising range, the highest increase is the liberation, the first three months of this year's truck sales increased by 73%, the third ring of this year's 1-3 months of cumulative sales increased by 69%; the decline in declining enterprises reached double digits, Jianghuai, Dayun, Qingling, Heavy Duty Truck and other enterprises fell lower than the industry as a whole by 42%, outperforming the market "market".
From the cumulative share, the total share of the top ten sales enterprises reached 99.35%, 4 companies had a cumulative share of more than 10%, Foton and Jiefang both exceeded 20%, reaching 32.97% and 21.22% respectively, and Jianghuai and Dayun shared the 13.12% and 11.7% share of the middle truck market in the first three months of this year, respectively.