【Commercial Vehicle Xinnet Original】
In April, buses of more than 6 meters stabilized the market heat since the "Golden Three", and maintained positive growth year-on-year and month-on-month. Compared with the bus and commercial vehicle market market, the market segment of more than 6 meters can be called the "silver four".
From the perspective of market segments, in April, the main force driving the growth of the passenger car market above 6 meters is still seat buses, with sales reaching 7,423, accounting for 68% of the total sales of buses above 6 meters, and still maintaining positive growth month-on-month, an increase of 5.2%. It can be seen that people's strong travel demand, especially the activity of the tourism market, is still continuing to drive the development of the road passenger transport market.
So, what is the specific performance of the passenger car market above 6 meters this month? Please see the analysis of production and sales data from commercial vehicle news media.
April: 11,000 units YoY
According to data from China Bus Statistical Information Network, in April 2024, a total of 10,917 buses above 6 meters were sold in the market, a slight increase of 7.42% month-on-month and a year-on-year increase of 53.63%, with excellent performance.
From a month-on-month perspective, on the basis of a month-on-month increase of 94.62% in March, the passenger car market above 6 meters in April still had an increase of 7.42%, indicating the activity of this market segment.
Looking at the performance of the top 10 companies, "7 increases and 3 decreases" compared with the previous month, only Ankai Bus, Xiamen Jinlong and Jiangxi Jingma 3 companies failed to achieve positive growth. In the context of the overall growth of the industry of 7.42%, all 7 positive growth companies outperformed the industry. Among them, BYD led the top 10 with a month-on-month increase of 149.81%, and it is also the only company in the list with a triple-digit increase.
From a year-on-year point of view, although the year-on-year growth rate in April was narrower than that in March, it still maintained a growth rate of more than 50%, indicating that the passenger car market above 6 meters is still recovering rapidly this year.
Among the top 10 enterprises, Xiamen Golden Dragon is the only company with negative growth and the only one with negative growth this month, failing to keep up with the pace of industry development. In the context of the industry's overall substantial growth of 53.63%, 6 of the 9 positive growth enterprises outperformed the industry, namely: Yangzhou Yaxing, Zhongtong Bus, BYD, Yutong Bus, Jiangxi Jingma, Foton Ouhui.
In April, in the case of positive growth in the industry year-on-year, 7 companies in the top 10 also achieved year-on-year growth. It can also be seen that the improvement of the general environment has driven the overall upward trend of the bus market of more than 6 meters.
The top 10 rankings have changed significantly compared to March. Among them, Suzhou Jinlong, Zhongtong Bus, Xiamen Golden Travel, BYD, Yangzhou Yaxing 5 companies rose in the ranking; Xiamen Jinlong, Ankai Bus, and Foton Ouhui 3 companies fell in ranking; Yutong Bus is firmly in the first place on the list; Jiangxi Jingma, which ranked tenth this month, squeezed CRRC Times, which ranked tenth last month, out of the list.
From the perspective of market share, the market share of the top 10 companies reached 95.35% this month, an increase of 3.48% from the previous month, and the market concentration is very high. In particular, Yutong Bus, which ranked first, had a market share of 38.69% this month. It is not difficult to see that the market structure of buses above 6 meters has tended to be stable, the market demand is almost carved up by the head enterprises, and the living space of the tail enterprises is very limited.
January~April: 33,000 units, all of the top 10 units were growing positively
April is the first month of the second quarter, and from the perspective of monthly sales performance, it is off to a good start. From the perspective of cumulative sales, the cumulative year-on-year growth rate of the passenger car market above 6 meters has narrowed compared with the first quarter, but it still maintains a substantial positive growth.
Specifically, in 1~4 months, a total of 33,039 buses were sold in the passenger car market above 6 meters, with a cumulative year-on-year increase of 62.22%, and still maintained a steady growth trend.
Looking at the specific performance of the top 10 companies, all 10 companies achieved positive year-on-year growth, and 9 companies had double-digit growth. In the context of a year-on-year increase of 62.22% in the industry, there are still 5 companies that have outperformed the industry, namely Yangzhou Yaxing, Jiangxi Jingma, Ankai Bus, Zhongtong Bus and Yutong Bus. Among them, Yangzhou Yaxing led the Top 10 with an increase of 200.57%.
From the perspective of cumulative sales ranking, the sales volume in April had little impact on the top 10 list, and only the third and fourth ranked companies changed. Suzhou Golden Dragon surpassed Xiamen Golden Dragon with its outstanding performance in April and was promoted to the third place in this month's cumulative sales list, and Xiamen Golden Dragon ranked fourth. The rest of the companies and rankings have not changed.
From the perspective of market share, in January ~ April this year, the market share of the top 10 enterprises in the bus market above 6 meters reached 93.32%, an increase of 1 percentage point from the previous month, and the market concentration is very high. The market share of the top 3 companies has reached 55.13%, more than half, and the head companies are constantly siphoning the demand of the entire market.
More than 6 meters of passenger car market in the "gold three silver four" really out of a wave of market, follow-up with the arrival of the long holiday and summer, this market segment sales can still go to the peak? Commercial vehicle news media will continue to pay attention to and bring you the latest production and sales data analysis.