In the first two months of 2022, the truck market suffered "two consecutive declines", with a decline of 26% and 18% respectively, but one of the market segments received "two consecutive increases", which is the micro-card market. In March, will the good fortune of the micro card market continue?
The first commercial vehicle network 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 domestic truck market (including non-complete vehicles and tractors) sold a total of 332,000 vehicles, an increase of 46% from February, a year-on-year decrease of 45%, and the decline was significantly expanded compared with the previous month (-18%). Among them, the micro-card market sold 60,500 units, an increase of 81% month-on-month, a year-on-year decline of 16%, and the growth rate turned negative from last month (+22%), and the micro-card market suffered the first decline in 2022.
Looking at the sales volume and growth trend chart of the micro-card market in March in the past five years, it can be seen that in March of the past 5 years, the micro-card market has come out of a trend of falling-increasing-decreasing-decreasing-increasing-decreasing. The sales volume of 71,800 vehicles in March 2021 is the best performance in the past five years, in the past five years, the micro-card market has exceeded the 70,000-unit mark in March three times, and the performance of 60,500 vehicles in March this year has been at a low level in the past five years, only about 10,000 more than in March 2020, which is seriously affected by the epidemic, and there is a gap of 11,300 units compared with the high-level March 2021.
Sales table of the mini truck market for March 2022 (units)
As can be seen from the table above, in March 2022, the mini truck market fell by 16% year-on-year, and only 9 companies still achieved sales. In March, the 9 companies that achieved sales in the micro-card market increased by 3 and fell by 6, Chongqing Changan and Shandong Kaima increased sales by 8% and 56% respectively year-on-year in March, and The new Longma Automobile was a net growth; the 6 companies that suffered declines reached double digits, and the most serious decline companies fell by 94%.
From the perspective of market share, the share of the top 4 companies in March exceeded 10%, and the total share reached 95.44%, of which the share of SAIC-GM-Wuling, which ranked first, exceeded 50% again, and ate 57.67% of the micro-card market in March, and Chongqing Chang'an, Dongfeng Company and Shandong Kaima grabbed 14.76%, 12.76% and 10.24% of the micro-card market in March, respectively; chery Automobile, ranked fifth, had a share of nearly 4% in March, reaching 3.56% The monthly share of enterprises after the ranking 5 is less than 1%.
From the perspective of cumulative sales, from January to March this year, the cumulative sales of the domestic micro-card market were 141,300 vehicles, an increase of 10% year-on-year, and after the decline in March, the cumulative sales growth rate of the micro-card market this year has been greatly narrowed from +44% after February. Specific to the enterprises, Chongqing Changan, Dongfeng Company, Shandong Kaima and New Longma Automobile, which are in the rising range, have increased their cumulative sales by 84%, 7%, 38% and net growth respectively from January to March this year. As of March, a total of 10 companies in the micro-card market have achieved sales, of which 3 companies have a cumulative share of more than 10%, and SAIC-GM-Wuling, Chongqing Changan and Dongfeng Company have eaten 49.84%, 22.8% and 13.34% of the micro-card market in the first three months of this year.