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Position:analyst > analysis > China’s Bus Market Continued to Grow Robustly in September,2020

China’s Bus Market Continued to Grow Robustly in September,2020

2020-10-15    Source:www.chinabuses.org
Summarize:

According to the latest statistics released by China Association of Automobile Manufacturers (CAAM), China rolled out 42,000 units buses & coaches in September, up by 20.2% against that in August and up by 11.1% against September in 2019. From January to September, its bus production volume reached 297,000 units, down by 7.8% against the same period last year.

Also in September, China produced 200 units non-complete buses, up by 3.4% against that in August and down by 13.1% against the same month last year; from January to September, China’s production volume of non-complete buses stood at 12,000 units, down by 42.8% year on year.

In terms of sales, China sold 43,000 units buses in September, up by 23.0% against that in the previous month and up by 12.8% against the same month last year. From January to September, China’s bus sales volume registered at 295,000 units, down by 9.5% against the same period last year.

Also in September, China sold 200 units non-complete buses, up by 3.2% against that in the previous month and down by 14.9% year on year; from January to September, China sold 12,000 units non-complete buses, down by 43.2% year on year.

As for the detailed sales information of three major bus sectors, please refer to Table 1 below.
Table 1

  September, 2020 Growth Rate
Large-sized buses 5,000 units 22.8%
Medium-sized buses 4,000 units 12.0%
Light buses 34,000 units 11.5%

In September, China produced 12,000 units commercial vehicles, up by 39.5% against that in the previous month and up by 39.2% year on year; in the same month, China sold 13,000 units commercial vehicles, up by 37.3% against that in the previous month and up by 74.2% year on year. More detailed information, please refer to Table 2 below.

Table 2 Production & Sales Volume of New Energy Commercial Vehicles in September

  Production Volume Growth Rate Sales Volume Growth Rate
New energy commercial vehicles 12,000 units 39.2% 13,000 units 74.2%
Electric vehicles 12,000 units 44.5% 12,000 units 82.7%
Plug-in hybrid vehicles 100 units -58.3% 100 units -58.1%

From January to September, China’s production volume of commercial vehicles reached 71,000 units, down by 11.8% year on year; in the same period, China’s sales volume of commercial vehicles stood at 71,000 units, down by 11.2% year on year. For detailed information, please refer to Table 3 below.

Table 3 Production & Sales Volume of New Energy Commercial Vehicles from January to September

  Production Volume Growth Rate Sales Volume Growth Rate
New energy commercial vehicles 71,000 units -11.8% 71,000 units -11.2%
Electric vehicles 67,000 units -11.3% 68,000 units -10.8%
Plug-in hybrid vehicles 3,000 units -6.8% 3,000 units -3.8%

Compared with the robust growth of commercial vehicle market in September in China, China’s exports of commercial vehicles stood at 24,000 units, up by 34.7% against that in the previous month and down by 0.3% year on year. From January to September this year, China exported 157,000 units commercial vehicles, down by 31.2% year on year.

From January to September, China’s top 15 major players in the commercial vehicles markets are Dongfeng (530,000 units; 20.4%), BAIC (506,000 units; 30.6%), SAIC (500,000 units; 29%), FAW (416,000 units; 44.3%), Chang’an (364,000 units; -4.4%), CNHTC (324,000 units; 52.1%), JAC (225,000 units; 16%), SHACMAN (173,000 units; 22.9%), GreatWall (160,000 units; 63.2%), Brilliance Auto (64,000 units; 10.6%), Chengdu Dayun (63,000 units; 8.4%), Zhejiang Feidie (37,000 units; 3.7%), King Long (30,000 units; -25.7%), Yutong (27,000 units; -36.3%) and T-King Ouling (27,000 units; -36.5%).

Editor:Isabella

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