Sales of CVs Made a Spectacular Rebound in Jun.

English.chinabuses.com: according to the statistics newly released by China Association of Automobile Manufacturers (CAAM), the sales volume of buses and trailers in Jun. registered the fastest growth rate since the start of this year. However, the CKD trucks still failed to reverse their declining trend. Compared with the same period last year, the sales of CKD trucks and buses went up and the production volume of buses rose slightly. However, the sales of CKD trailers and trucks still dropped remarkably. 

To be specific, last month, the production and sales volume of buses reached 24,800 and 23,600 units respectively, up by 18.37% and 15.41% m/m respectively. Moreover, the production volume went up by 2.02% y/y while the sales volume down by 9.07% y/y. In the same time, the production and sales volume of trucks stood at 168,300 and 179,100 units respectively, down by 15.77% and 11.96% m/m respectively, but up by 20.92% and 23.50% y/y respectively.

According to CAAM, in the first half of 2009, the top ten best-performing enterprises in China’s commercial vehicle industry are Beiqi Foton, Dongfeng, FAW, JAC, Chongqing Changan, Jinbei, Sinotruck, JMC, Kama, SAIC-GM-Wuling. Compared with the same period last year, Dongfeng and FAW posted the biggest drop while JAC and Sinotruck went down slightly. The other companies all registered some rises in the sales volume. Among them, Kama and SAIC-GM-Wuling posted the fastest growth.

According to WANG Qingtao, an analyst with First Entrepreneurial Research Institute, the commercial vehicle market may be well on its  to recovery thanks to the recovering export market, the upcoming summer travel season and the new round of city bus replacement. The analyst also believes that the long-distance coach market may witness some seasonal growth due to the travel peak season and the home-returning mobile labors in latter half of this year.

Related China Bus News

• Zhongtong Electric City Buses Enable Portugal to Move Closer Towards Zero-Emission Transport 02-27
• Vietnam Warmly Welcomes 207 Units Golden Dragon City Buses on its Road 02-26
• 1,022 Zhongtong Buses to Arrive in Saudi Arabia for Operation 02-22
• 400 Units Foton AUV School Buses Start Operation in Beijing 02-22
• Zhongtong Bus Sales Jump by 81.49% in January,2024 02-20
• Ankai Embraces 2024 by Delivering G9 Buses to Saudi Arabia for Operation 02-19
• Zhongtong Electric Buses Provide Smooth Transportation Services for Africa Cup of Nations 2023 02-18
• Ankai Bus & Coach Sales Up by 169.33% Year on Year in 2023 02-18
• Golden Dragon Bus Overseas Sales Reached a New Record High in 2023 02-05
• 120 Units Zhongtong Electric City Buses to Start Providing Greener Transportation Services in Singapore 01-30
• Higer Overseas Sales Revenue Grew by 70.59% to Reach a New Record High 01-30