【Commercial Vehicle Xinnet Original】
In March, the passenger car market above 6 meters ushered in the first round of sales peak in 2024, with a significant increase year-on-year and month-on-month.
From the perspective of market segments, in March, the sales of seat buses increased significantly, reaching 7,056, accounting for 69.43% of the total sales of buses above 6 meters, and increased by 129.46% month-on-month and 172.12% year-on-year, which is the main force driving the growth of market sales. It can be seen that the recovery of the national economy, especially the activity of the tourism market, is continuing to drive the development of the road passenger transport market.
So, what is the specific performance of the bus market above 6 meters? Please see the market analysis report brought by the commercial vehicle news media.
March: Year-on-year growth
Top10 "9 increases and 1 decrease"
According to data from China Bus Statistical Information Network, in March 2024, a total of 10,163 buses above 6 meters were sold in the market, an increase of 94.62% month-on-month and 57.93% year-on-year.
From a month-on-month point of view, the passenger car market above 6 meters due to the "Spring Festival month" accumulated demand in this month released a large number of positive month-on-month growth, reflecting the activity of this market segment; from a year-on-year point of view, the growth rate has expanded compared with the previous month; month-on-month, year-on-year two dimensions have confirmed the good momentum of the development of the bus market above 6 meters.
Looking at the performance of the top 10 enterprises, compared with the "9 increase and 1 decrease", the only negative growth of the enterprise is Foton Ouhui; in the context of the overall increase of 94.62% in the industry, there are 5 companies that have outperformed the industry, namely CRRC Times, Xiamen King Long, Yutong Bus, Suzhou King Long, Ankai Bus, and the increase is more than doubled.
It is worth noting that 8 companies have achieved year-on-year and month-on-month growth this month, which fully shows the hot market. Among them, Ankai Bus achieved triple-digit growth year-on-year and month-on-month, with excellent performance.
In March, Ankai bus orders continued. In the domestic market, the models represented by Ankai N8 have received a wave of orders, which is a high-end product designed for medium and long-distance highway passenger transport, group commuting and travel rental markets, which conforms to the requirements of high-end and comfortable development of the market, and has won the trust of users and market choice. In the overseas market, on March 26, Ankai pure electric double-decker sightseeing buses were exported to France in batches. A few days later, on April 3, 530 Ankai buses were exported to Saudi Arabia again, and the overseas market has achieved remarkable results.
With the continuous recovery of the bus market, the market performance of Ankai Bus this year is worth looking forward to.
From the perspective of market share, the market share of the top 10 companies reached 91.87% this month, 1.52 percentage points narrower than the previous month, and the market concentration is very high. Among them, the market share of the top 3 enterprises reached 54.06%, an increase of 2.72 percentage points from the previous month, and the market share was more concentrated in the head enterprises.
January ~ March: 22,000
A year-on-year increase of 67.1%
March is the closing month of the first quarter, from the cumulative sales dimension, the first quarter of the passenger car market above 6 meters performed well.
Specifically, in the first quarter, the market for buses above 6 meters achieved sales of 22,159 vehicles, a cumulative year-on-year increase of 67.1%, although it was narrower than that of 1~2 months, but the market performance was still significantly better than the same period last year.
Looking at the specific performance of the top 10 companies, the year-on-year increase of "9 increases and 1 decrease", the only company that has not kept up with the rising market is Foton Ouhui. In the context of a substantial increase of 67.1% in the industry, there are 6 companies that have outperformed the industry, namely Jiangxi Jingma, Ankai Bus, Yangzhou Yaxing, Zhongtong Bus, Yutong Bus, and Suzhou Jinlong. Among them, Jiangxi Jingma led the top 10 in terms of growth.
Judging from the cumulative sales ranking in the first quarter, Yutong and Zhongtong are still firmly in the first and second place; Xiamen Golden Dragon ranks third by virtue of its sales in March, and Suzhou Golden Dragon ranks fourth with a sales gap of more than 100 vehicles; the same change also occurs between Yangzhou Yaxing and BYD, which ranks eighth and ninth; Xiamen Golden Brigade, which ranks fifth, swaps positions with Foton Ouhui with a large advantage; and Jiangxi Jingma, which ranks tenth, is still the "dark horse" Jiangxi Jingma.
In terms of market share, in the first quarter of this year, the market share of the top 10 companies in the bus market above 6 meters reached 92.32%, a slight decrease of 0.52 percentage points from the previous month, and the market concentration is still very high. The market share of the top 3 companies reached 53.78%, which was narrower than that in January ~ February.
From the sales performance, the rising momentum of the bus market above 6 meters is obvious, with the arrival of the peak travel season in April and May, what kind of report card will the bus market over 6 meters be handed over?