In April 2024, the sales volume of the internal combustion engine industry decreased month-on-month and increased year-on-year, and the cumulative sales volume from January to April increased year-on-year.
In April, driven by the policy of equipment renewal and trade-in of consumer goods, all localities responded positively; Enterprises in various industries have successively introduced promotional preferential measures, and the performance of the internal combustion engine market in April was relatively stable, with a slight year-on-year increase in sales volume and cumulative year-on-year. The specific performance is: the sales volume of internal combustion engines in April was 3.9818 million units, an increase of -7.75% month-on-month and a year-on-year increase of 9.39%; The cumulative sales from January to April were 14.899 million units, a year-on-year increase of 6.19%. (1.1 percentage points higher than the increase from January to March)
In terms of terminals, the passenger car market continues to maintain a good momentum, commercial vehicles continue to rebound slowly, and the sales situation of agricultural machinery, engineering and other markets is still relatively grim.
General overview of sales volume:
In April, the sales volume of internal combustion engines was 3.9818 million units, an increase of -7.75% month-on-month and a year-on-year increase of 9.39%; The power was 239,290,900 kilowatts, an increase of -12.31% month-on-month and a year-on-year increase of 12.70%.
The cumulative sales from January to April were 14.899 million units, a year-on-year increase of 6.19%; The cumulative power was 916,209,900 kilowatts, a year-on-year increase of 5.59%.
By fuel type:
In April, in the major fuel categories, the sales of diesel engines decreased month-on-month, year-on-year, and cumulative year-on-year, and gasoline engines decreased month-on-month, and year-on-year and cumulative year-on-year. Specifically: compared with the previous month, diesel engines increased by -14.29%, gasoline engines increased by -6.80%; Compared with the same period last year, diesel engines increased by -2.52% year-on-year, and gasoline engines increased by 11.09% year-on-year; Compared with the same period last year, diesel engines increased by -3.66% year-on-year, and gasoline engines increased by 7.64% year-on-year.
In April, 466,500 diesel internal combustion engines were sold (including 14,300 for passenger cars, 186,200 for commercial vehicles, 80,900 for construction machinery, 145,800 for agricultural machinery, 5,200 for marines, 31,900 for power generation, 00,900 for gardens, and 1,400 for general motors), and 3,510,100 gasoline internal combustion engines. From January to April, the sales volume of diesel engines was 1,814,800 units (including 53,300 units for passenger cars, 736,200 units for commercial vehicles, 307,500 units for construction machinery, 573,200 units for agricultural machinery, 19,700 units for marine use, 117,900 units for power generation, 2,900 units for gardening, and 4,100 units for general motors), and 13,067,900 units for gasoline internal combustion engines.
By Market:
In April, among the comparable calibers of the market by application, except for the month-on-month increase in power generation, motorcycle, and general machinery, the rest of the classified uses decreased month-on-month. Specifically, passenger cars increased by -11.47%, commercial vehicles increased by -15.90%, construction machinery increased by -11.76%, agricultural machinery increased by -18.63%, marine increased by -6.53%, generator sets increased by 2.22%, garden machinery increased by -2.90%, motorcycles increased by 0.27%, and general machinery increased by 53.20%.
Compared with the same period last year, commercial vehicles, marine, power generation, and garden applications decreased year-on-year, and the rest of the classified uses increased year-on-year. Specifically, passenger cars increased by 17.42%, commercial vehicles increased by -5.41%, construction machinery increased by 3.56%, agricultural machinery increased by 12.09%, marine increased by -5.99%, generator sets increased by -4.85%, garden machinery increased by -9.48%, motorcycles increased by 7.37%, and general machinery increased by 7.81%.
Compared with the previous year, all other applications except for engineering, marine, power generation and garden were all positive. Specifically, passenger cars increased by 6.88%, commercial vehicles increased by 0.33%, construction machinery increased by -8.89%, agricultural machinery increased by 8.96%, marine increased by -18.18%, generator sets increased by -9.87%, garden machinery increased by -12.10%, motorcycles increased by 11.14%, and general machinery increased by 8.50%.
In April, 1,566,600 units were sold for passenger cars, 219,700 units for commercial vehicles, 88,500 units for construction machinery, 383,600 units for agricultural machinery, 5,200 units for marine use, 142,900 units for generator sets, 132,500 units for garden machinery, 1,422,600 units for motorcycles, and 20,200 units for general machinery.
From January to April, a total of 5,856,700 units were sold for passenger cars, 886,600 units for commercial vehicles, 330,200 units for construction machinery, 1,653,000 units for agricultural machinery, 19,700 units for ships, 485,500 units for generator sets, 525,300 units for garden machinery, 5,075,700 units for motorcycles, and 66,200 units for general machinery.
The main varieties are divided into uses according to single and multi-cylinders:
Single-cylinder diesel engine
In April, the sales volume of single-cylinder diesel engine market increased month-on-month, and decreased year-on-year and cumulative year-on-year. In April, single-cylinder diesel engine sales were 88,400 units, an increase of 1.35% month-on-month and a year-on-year increase of -8.46%; The cumulative sales from January to April were 311,300 units, a year-on-year increase of -14.33%. The top five companies are: Changchai, Changfa, Sanhuan, Laidong, and Kaimir.
Among them, the sales volume of single-cylinder diesel engines, which are mainly used in the field of agricultural machinery, was 80,500 units in April, an increase of 0.85% month-on-month and a year-on-year increase of -5.10%; The cumulative sales from January to April were 282,000 units, a year-on-year increase of -11.97%.
Multi-cylinder diesel engine
The commercial vehicle market declined month-on-month in April, with year-on-year and cumulative year-on-year growth, resulting in the convergence and fluctuation of sales in the multi-cylinder diesel engine market, which accounts for a large proportion of commercial vehicles.
In April, multi-cylinder diesel engine companies sold a total of 378,100 units, an increase of -17.28% month-on-month and a year-on-year increase of -1.02%; The cumulative sales from January to April were 1,503,600 units, a year-on-year increase of -1.11%. Weichai, Yuchai, Yunnei, Quanchai, Jiangling, Xinchai, Jiefang Power, Dongkang, Fukang, and Shanghai New Power ranked among the top 10 in terms of sales, accounting for 77.14% of the total sales of multi-cylinder diesel engines; The market share is 18.52% for Weichai, 11.17% for Yuchai, 8.98% for Yunnei, 8.25% for Quanchai, 6.76% for Jiangling, 6.24% for Xinchai, 4.97% for Jiefang Power, 4.80% for Dongkang, 3.94% for Fukang, and 3.51% for Shanghai New Power.
In April, the sales volume of multi-cylinder diesel engines for commercial vehicles was 186,200 units, an increase of -15.46% month-on-month and a year-on-year increase of 5.19%, and the cumulative sales from January to April were 736,200 units, a year-on-year increase of 7.82%. The top ten sales volume are Weichai, Jiangling, Yunnei, Yuchai, Fukang, Jiefang Power, JAC, Dongkang, Quanchai, and Oukang Power, and its top ten sales account for 89.96% of the total sales; Weichai occupies a leading position in the market of multi-cylinder diesel engines for commercial vehicles, accounting for 22.27%, Jiangling 13.80%, Yunnei 10.26%, Yuchai 9.00%, Fukang 8.05%, Jiefang Power 6.63%, JAC 5.22%, Dongkang 5.22%, Quanchai 4.99%, and Oukang 4.51%.
In April, the sales volume of multi-cylinder diesel engines for construction machinery was 80,300 units, an increase of -15.52% month-on-month and a year-on-year increase of 5.38%; The cumulative sales from January to April were 304,800 units, a year-on-year increase of -7.72%. The top ten sales are Xinchai, Quanchai, Weichai, Yunnei, Yuchai, Dongkang, Caterpillar, Guangkang, Jiefang Power, and Shanghai New Power, and its top ten sales account for 97.02% of its total sales.
Multi-cylinder gasoline engine
The production and sales of the passenger car market in April decreased month-on-month, year-on-year and cumulative year-on-year, and the sales of multi-cylinder gasoline engines in the main supporting passenger car market also showed a convergence trend.
In April, the sales volume of multi-cylinder gasoline engines was 1.5832 million units, an increase of -11.48% month-on-month and a year-on-year increase of 15.20%; The cumulative sales from January to April were 5,946,500 units, a year-on-year increase of 5.71%. Among the 45 multi-cylinder gasoline engine companies, Chery, FAW-Volkswagen, BYD, Geely, Changan Automobile, Honeycomb Power, Beijing Benz, Shangtong Wuling, Guangfeng Engine, and Dongfeng Co., Ltd. ranked in the forefront, accounting for 61.98% of the total sales. Among the companies with more sales, Chery, BYD, Geely, and Honeycomb Power have outstanding cumulative sales growth.
The proportion of multi-cylinder gasoline engines used in passenger cars was 97.59%, and the sales volume in April was 1.5522 million units, an increase of -11.35% month-on-month and a year-on-year increase of 17.84%; The cumulative sales from January to April were 5,803,400 units, a year-on-year increase of 7.08%. Chery, FAW-Volkswagen, BYD, Geely, Changan Automobile, Honeycomb Power, Beijing Benz, Shangtong Wuling, Guangfeng Engine, and Dongfeng Co., Ltd. are in the forefront of sales.
Small gasoline engine
The industry is mainly engaged in import and export trade, which is obviously affected by the internal and external environment. Among the comparable calibers, the sales of small gasoline engines in April decreased month-on-month, year-on-year and cumulative year-on-year. In April, the sales volume of small gasoline engines was 701,000 units, an increase of -2.48% month-on-month and a year-on-year increase of 21.55%; The cumulative sales from January to April were 2,710,670 units, a year-on-year increase of 10.83%. The top five companies in terms of sales volume are Runtong, Loncin, Huasheng, Lifan Internal Combustion Engine, and Suzhou Shuangma.
Among the supporting agricultural machinery, the sales volume in April was 237,900 units, an increase of -21.03% month-on-month and a year-on-year increase of 32.36%. The cumulative sales from January to April were 1.0799 million units, a year-on-year increase of 22.14%
In the field of supporting garden machinery, the sales volume in April was 131,600 units, an increase of -2.70% month-on-month and a year-on-year increase of -9.66%; The cumulative sales from January to April were 522,400 units, a year-on-year increase of -12.21%.
Source: China Internal Combustion Engine Association