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

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

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

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

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%).