【First Commercial Vehicle Network Original】
In the first five months of this year, the mainland light passenger car market increased by 55%, 4%, 12%, 10% and 16% year-on-year respectively, and the momentum of this round of continuous growth has reached "16 consecutive increases", after May, the cumulative sales growth of the light passenger car market reached 16%.
In June, the commercial vehicle market fell by 5% year-on-year, with the bus market as a whole down 4% year-on-year. Can the continuous growth of the light passenger car market continue? Which company can reach the top of the light passenger car sales list in June? In the first half of this year, are there any new changes in the industry pattern of the light passenger car market?
Please see the analysis report of the first commercial vehicle network.
Sales in June were 32,800 units, down 3% month-on-month and 5% year-on-year
The first commercial vehicle network recently learned that according to the data of the China Automobile Association (the number of invoices issued by enterprises, the caliber of non-terminal actual sales, the same below), in June 2024, the sales of the continental bus market (including chassis) will be 43,100 units, an increase of 1% month-on-month and a year-on-year decrease of 4%, and the sales growth rate will be negative (the bus market in May 2024 will be 16% year-on-year). Among them, the light passenger car market sold 32,800 units, down 3% month-on-month and 5% year-on-year, and the growth rate also turned negative (the light passenger car market increased by 16% year-on-year in May). So far, the current round of continuous growth momentum of the light passenger car market has finally been fixed at "16 consecutive increases".
In June, the sales of 32,800 light buses in the entire bus market share of 76.28%, down from the previous month (79.1%), 1-6 months this year, light passenger cars accounted for more than 8 percent (80.01%) in the entire bus market, light passenger cars are the bus market this year 1-5 months harvest "5 consecutive increases" of the largest power source, but also the bus market in June The main reason for the decline in the bus market.
Looking at the sales and growth trend chart of light passenger cars in June in the past five years, it can be seen that the light passenger car market in June of the past five years has gone out of a trend of increase-increase-decrease-increase-decline, and in June of the last five years, the light passenger car market only exceeded 40,000 in June 2021, and the sales volume of light passenger cars in June of that year reached 41,300 units, which is the sales extreme value of the light passenger car market in June in the past five years, and the sales volume of 32,800 units in June this year ranked third in the past five years. From January to May this year, the sales volume of light passenger cars were the second highest in five years, the highest in five years, the second highest in five years, the second highest in five years and the second highest in five years, and the third in June was obviously "worse" than in previous months.
From the perspective of cumulative sales, in the first half of this year, the cumulative sales of the light passenger car market were 203,200 units, a year-on-year cumulative increase of 10%, which was the second highest level in five years in the past five years, but due to the decline in June, the cumulative sales growth in the first half of the year narrowed by 6 percentage points compared with that after May (as shown in the figure above).
Chang'an returned to the top of the list, Foton maintained the top four, and Jiangling/Dongfeng and other counter-increases
In June 2024, the light passenger car market as a whole fell by 5% year-on-year. As in previous months, the light passenger car market in June also had more than one voice of growth, and due to the overall decline in the market, there were significantly more companies that declined in June than in previous months.
June 2024 light passenger car market sales volume (unit: units)
As can be seen from the above table, compared with June 2023, the top ten companies in light passenger car sales increased by 6 and decreased by 4, Jiangling Motors, Jianghuai Motors, Dongfeng Company, Xiamen Jinlong, Xiamen Golden Dragon and Yutong Bus sales in June increased by 11%, 1%, 14%, 11%, 2% and 17% year-on-year respectively, of which Dongfeng's continuous growth momentum has reached "10 consecutive increases". At the same time, among the companies that saw declines, the worst decline was 44% year-on-year in June.
From the perspective of market share, the total share of the top ten companies in sales reached 96.97% in June, of which the total share of the top five companies exceeded 80%, reaching 81.31%. In June, there were 4 companies in the light passenger car market with a monthly share of more than 10%, and Chongqing Changan, SAIC Maxus, Jiangling Motors and Foton Motor were divided into 24.8%, 19.39%, 18.84% and 12.82% of the light passenger car market in June; JAC, Nanjing Iveco and Dongfeng, which ranked 5-7 in the monthly list, also sold more than 1,000 vehicles in June, with market shares of 5.46%, 4.8% and 3.99% respectively, while other companies sold less than 1,000 vehicles.
Compared with the previous month, the top 10 members of the monthly list of the light passenger car market remained unchanged in June, but the ranking has changed a lot: Chongqing Chang'an rose 2 places to the first place in the monthly list, and Dongfeng Company rose 1 place to the 7th place in the monthly list; At the same time, there are also two companies that have declined in the ranking compared with the previous month, and SAIC Maxus, Foton, JAC, Nanjing Iveco, Xiamen Golden Dragon and Yutong Bus are the same as last month's ranking.
In the first half of the year, the cumulative sales exceeded 200,000 units, Changan exceeded 50,000, and Maxus/Jiangling nearly 40,000
In the first half of this year, the light bus market sold a total of 203,200 units, a year-on-year increase of 10%, and the cumulative sales growth rate narrowed by 6 percentage points compared with after May (+16%), about 18,400 more than the same period last year.
Specific to the cumulative sales of the top ten enterprises (slightly different from the top ten sales in June), Chongqing Changan, Jiangling Motors, Jianghuai Motors, Dongfeng Company, Xiamen Golden Brigade, Xiamen King Long and Jingma Automobile and other enterprises are in the rising range (as shown in the figure above), of which Changan, Jiangling, JAC, Dongfeng, Golden Dragon and Jingma Automobile and other enterprises The cumulative sales growth rate is higher than the overall market growth rate of 10%, and the growth is also better than the "market" of the light passenger car market. At the same time, there are also many companies in the first half of this year, sales declined, the most serious decline of the cumulative decline of 23%.
From the cumulative share, in the first half of this year, there are 4 companies in the light bus market with a cumulative share of more than 10%, of which the top three Chang'an, Jiangling and Datong have accumulated sales of more than 30,000 units, ranking first Chang'an sales of more than 50,000 units, reaching 52,100 units, with a market share of 25.65%, ranking 2nd and 3rd Jiangling and Datong with cumulative sales of 37,800 and 37,300 respectively, respectively, to the first half of this year's light passenger car market 18.59% and 18.37% of the share; Foton ranked 4th with cumulative sales of 26,000 units, with a market share of 12.81%; In the first half of this year, the market shares of JAC, Nanjing Iveco and Dongfeng Company, ranked 5-7, were 7.23%, 5.86% and 3.39% respectively, and the cumulative share of other enterprises was less than 2.5%.
Compared with the same period last year, Chang'an, Jiangling, JAC, Dongfeng, Xiamen Golden Dragon and Jingma Automobile and other enterprises have achieved a cumulative share increase, the most obvious increase is Chang'an, an increase of 3.7 percentage points, JAC and Jiangling increased by 1.17 percentage points and 1.08 percentage points respectively, Dongfeng, Xiamen Golden Dragon and Jingma Automobile market share also increased slightly, and the market share of other enterprises has declined to varying degrees compared with the same period last year.
Epilogue:
In the first half of 2024, the light passenger car market will go out of the trend of 5 increases and 1 decline, and there will be a slight decline in June at the end of the first half of the year, and it is a pity that it has not been able to continue the 16-month continuous growth momentum of this round. However, in the first half of this year, the overall sales volume of the light passenger car market has accumulated an increase of 10%, with an increase of nearly 20,000 units. At the same time, the industry pattern of the light passenger car market is not static, the top five members of the industry are very unstable, at present, the cumulative sales gap between multiple groups of "neighbors" is very small, the smallest gap between Xiamen Golden Dragon and Xiamen Golden Dragon in the first half of the year sales are only 3 vehicles, transposition may occur in the next month, please pay attention to the follow-up report of this site.