【Commercial Vehicle Xinnet Original】
In March this year, the sales volume of the light passenger car market increased year-on-year, revealing the true colors of the peak season. However, in April, which is also the peak sales season, the light passenger car market only sold 34,000 units, a month-on-month decline of more than 20%, failing to go further.
In April, in the three major bus segments, although the light passenger car market achieved positive year-on-year growth, the growth rate did not outperform the industry, and ranked at the bottom of the bus market segments.
Overall, in April, the performance of the light passenger car market can only be said to be unsatisfactory. So, how is the specific performance of the light passenger car market this month? Take a look at the analysis from the commercial vehicle news media.
April: year-on-year rise and month-on-month decline "Silver Four" is insufficient
According to data from the China Association of Automobile Manufacturers, in April 2024, the output of light buses (including non-complete vehicles) will be 34,460, a year-on-year increase of 1.49% and a month-on-month decrease of 11.63%; The sales volume was 34,307 units, a year-on-year increase of 9.89% and a month-on-month decrease of 20.97%.
After two consecutive months of year-on-year growth, the sales volume of the light passenger car market in April showed a year-on-year increase and a month-on-month decline, and the market sales volume was less than expected. Especially compared with March, the "silver four" of the light passenger car market is slightly insufficient.
From the performance of the top 10 companies, in April, 5 companies achieved positive year-on-year growth and outperformed the industry, they are JAC, Jiangling Motors, Yutong Bus, Changan Automobile and Dongfeng Motor. Three car companies achieved positive month-on-month growth, they are JAC, Dongfeng Motor and Yutong Bus; In the context of a 20.97% month-on-month decline in the industry's growth, 5 companies outperformed the market.
Among them, JAC Motors performed well in the market in April, with a month-on-month increase of 22.41% and a year-on-year increase of 87.08%, achieving a double lead among the top 10 companies. In addition, Dongfeng Motor and Yutong Bus also achieved good results in this month.
In addition, the following characteristics of the light passenger car market this month are worth paying attention to:
First, Jiangling Motors has reached the top. In 2024, the top 10 champion of light passenger cars has been occupied by Changan Automobile, and Jiangling Motors has maintained its ranking in the top three, and this month is the first time to win the championship. In recent years, while consolidating the market share of fuel light buses, Jiangling Motors is also strengthening the layout of new energy products. At this year's Beijing Auto Show, Jiangling Motors showcased three models that cater to different travel scenarios, which not only increased the exposure of the product, but also created the necessary conditions for its subsequent market expansion.
Second, Yutong Bus has returned to the top 10 light buses. Two months after falling out of the top 10 list of light buses, Yutong Bus returned to the list again. As a leading enterprise in the bus market, Yutong Bus attaches great importance to the light bus market. In March this year, at the new product launch conference of Yutong's new energy commercial vehicles, Yutong exhibited Tianjun V5 and V6, two new energy light buses that are being developed in the positive direction, laying a product foundation for its expansion of the light passenger car market.
Third, JAC Motors is ranked fifth on the list. In 2024, JAC and Nanjing Iveco will compete fiercely for the fifth place in the light passenger car list, and after briefly giving way to Nanjing Iveco in March, JAC Motors will once again win the fifth place in the light passenger car market in April. The commercial vehicle news media also found that in 2024, JAC Xingrui will continue to optimize the product structure and layout based on the needs of the user market, and also launch an oil-gas hybrid model equipped with combustible CNG (compressed natural gas) and gasoline engines for the urban distribution market, which further strengthens the market competitiveness of its products.
In terms of market share, in April, the total sales volume of the top 10 light passenger cars was 33,366, accounting for 97.26% of the market share. Among them, the top three car companies on the Top 10 list accounted for 64.76% of the market share, and the market concentration increased compared with the previous month.
January~April: 137,000 units, 6 liters and 4 decreases y/y
In January ~ April 2024, the output of the mainland light passenger car market will be 124282 and the sales volume will be 136663, an increase of 2.25% and 15.97% year-on-year respectively.
Among them, the top 10 companies in light passenger car sales are: Changan Automobile, Jiangling Motors, SAIC Maxus, Foton Motor, JAC, Nanjing Iveco, Dongfeng Motor, Xiamen Golden Brigade, Xiamen King Long and Jiangling Jingma. Compared with 1~3 months, the rankings of each car company have not changed much, and only Jiangling Motors and SAIC Maxus have swapped rankings.
Specific to the performance of car companies, 6 of the top 10 light passenger car companies in 1~4 months achieved positive year-on-year growth, and 5 companies increased more than the market year-on-year. Changan Automobile continues to dominate the list, and Jiangling Motors is catching up, and the cumulative sales ranking has risen to second place. In addition, JMC Jingma is still the company with the largest cumulative growth this month, reaching 165.6%.
In terms of market share, in January ~ April this year, the total sales volume of the top 10 light passenger car companies was 133073, accounting for 97.37% of the market share. Among them, the top three on the list occupy 63.64% of the market share, and the market concentration continues to increase.
Overall, the light passenger car market in April did not continue the growth trend of the previous month, and the "silver four" was insufficient. However, the market is still expected to return to the upward channel under the strong boost of the country's economic situation and the steady recovery of passenger logistics demand.
Subsequently, how will the light passenger car market develop? Commercial vehicle news media will continue to pay attention.