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Position:analyst > analysis > China Sold 45,121 Units Large- and Medium-sized Buses from January to July,2021

China Sold 45,121 Units Large- and Medium-sized Buses from January to July,2021

2021-08-17    Source:www.chinabuses.org
Summarize:According to the latest statistics, China sold 5,620 units large- and medium-sized buses (7-meters in length and above), down by 12.93% year on year and down by 45.16% against that in June.
 
More specifically, Yutong, with a monthly sales volume of 1,968 units and a market share of 35.02%, remained a dominant player in the market. However, its monthly sales went down by 21.12% year on year and went down by 55.94% against that in June.
 
Higer and Zhongtong ranked the second and third place in the market with their monthly sales reaching 550 units (up by 43.6% year on year and down by 42.2% against that in June; market share: 9.79%) and 525 units (up by 88.9% year on year and down by 6.4% against that in June; market share: 9.34%) respectively.
 
The fourth to the tenth place went to CRRC Electric (427 units; up by 84.9% year on year; up by 214% against that in June; market share: 7.6%), Yinlong (420 units; up by 2370.6% year on year and up by 67.3% against that in June; market share: 7.47%), Foton AUV (355 units; up by 13.4% year on year and down by 4.57% against that in June; market share: 6.32%), Golden Dragon (301 units; up by 24.4% year on year; down by 63.7% against that in June; market share: 5.36%),  King Long (288 units; down by 60.5% year on year and down by 65.7% against that in June; market share: 5.12%), Ankai (156 units; down by 3.1% year on year and down by 46.6% against that in June; market share: 2.78%) and BYD (121 units; down by 86.31% year on year and down by 75.41% against that in June; market share: 2.15%).
 
The combined market share of the top ten players in the market reached 90.95%. According to some analysis, three major factors  contributed to the downward movement of the bus sales in July: 1) the torrential rain and heavy flood in Henan province; 2) the sporadic infection cases of COVID-19 across China; 3) the implementation of China’s National VI Emission Standards.
 
From January to July this year, China sold 45,121 units large- and medium-sized buses, up by 1.25% year on year. Yutong, with a sales volume of 18,404 units and a growth rate of 25.93% year on year, ranked way ahead of other players in the market.
 
Higer came second with a sales volume of 3,838 units and a growth rate of 36.51% year on year. King Long followed with a sales volume of 3,438 units and a growth rate of -7.33%. The fourth to the tenth place went to Zhongtong (2,885 units, down by 41.85% year on year), Golden Dragon (2,354 units, up by 8.43% year on year), BYD (2,341 units, down by 36.54%), CRRC Electric (1,928 units, up by 19.98% year on year), Foton AUV (1,437 units, down by 46.3% year on year), Yinlong (1,399 units, up by 632.46% year on year), Skywell (1,227 units, up by 51.29% year on year).
 
As to the market share, Yutong held 40.70% of the market (32.79% in the same period last year), Higer 8.51% (6.33% in the same period last year), King Long 7.62% (8.33% in the same period last year), Zhongtong 6.39% (11.13% in the same period last year), Golden Dragon 5.22% (4.87% in the same period last year), BYD 5.19% (8.28% in the same period last year), CRRC Electric 4.27% (3.61% in the same period last year), Foton AUV 3.18% (5.99% in the same period last year), Yinlong 3.10% (0.43% in the same period last year) and Skywell 2.72% (1.82% in the same period last year).
 

Editor:Isabella

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