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Position:analyst > analysis > China Sold 54,000 Units Buses in December,2021

China Sold 54,000 Units Buses in December,2021

2022-01-17    Source:www.chinabuses.org
Summarize:

According to the latest statistics released by China Association of Automobile Manufacturers (CAAC), China sold 54,000 units buses in December, up by 34.4% month on month, but down by 13.6% year on year. For the whole year of 2021, China sold 505,000 units buses, up by 12.6% year on year. For the detailed monthly sales volume, please refer to the Table 1 below.

Table 1. China’s Bus Monthly Sales Volume in 2021

  Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sept. Oct. Nov. Dec.
2021 36,000 24,000 52,000 47,000 46,000 53,000 38,000 37,000 39,000 39,000 40,000 54,000
2020 27,800 7,884 31,000 38,500 38,100 43,000 32,000 34,400 43,000 43,000 48,000 62,500
Growth rate 30.1% 204.4% 68.0% 22.1% 23.1% 23.5% 16.4% 6.6% -8.9% -8.8% -16.5% -13.6%

From Table 1, it clearly shows that the bus market maintained a fairly robust growth in the first eight months in 2021 and the growth was primarily due to the growing demand for light buses. However, the market witnessed negative growths in the last four months of the year due to the slowing down of the China’s economy. Also, it is shown that December’s bus sales hit a record high for 2021 as bus operators were trying to take full advantage of the governments’ favorable financial policies for putting more new energy buses on the road.

For the detailed information of the sales volume of commercial vehicles in China in 2021, please refer to Table 2 below.

Table 2 China’s Sales of Commercial Vehicles in 2021

  buses trucks commercial vehicles
Sales in Dec. 54,000 311,000 364,000
Growth rate in Dec. -13.6% -21.2% -20.1%
Sales in 2021 505,000 4,288,000 4,793,000
Growth rate in 2021 12.6% -8.5% -6.6%

For the detailed information of the sales volume of large-, medium- and light buses in China in 2021, please refer to Table 3 below. From the table, it clearly indicates that only the light bus sector witnessed robust growth in 2021, which can be mainly attributed to the following four reasons: 1) customers bought diesel powered light buses with National V Emissions Standards in the first half of 2021 as China started to implement National VI Emission Standards on July, 1; 2) electric logistic vehicles were in high demand against China’s drive for carbon peaking and carbon neutralization; new policies rolled out by government has been favorable for the growth of light buses; 4) the market demand for light buses has been growing.

Table 3 China’s Sales of Large-, Medium- and Light Buses in 2021

  Large-sized buses Medium-sized buses Light buses Total
Sales in 2021 48,000 46,000 411,000 505,000
Sales in 2020 57,000 47,000 344,000 448,000
Growth Rate -15.4% -3.1% 19.4% 12.6%

Table 5 reveals the percentage of sales of buses with different power drivelines.

Table 5 Percentage of Sales of Buses with Different Power Drivelines

  Large-sized buses Medium-sized buses Light buses
Diesel 47.0% 43.6% 53.6%
Gasoline 2.7% 11.6% 40.8%
New energy 49.8% 44.7% 5.6%
Other power 0.5% 0.1% 0.0%

Table 6 Top Five Market of Large-sized Buses in China

  Market Market Share
1 Jiangsu 9.4%
2 Guangdong 9.2%
3 Henan 8.8%
4 Shandong 8.5%
5 Sichuan 7.4%
Total percentage   43.3%

Table 7 Top Five Market of Medium-sized Buses in China

  Market Market Share
1 Henan 9.6%
2 Guangdong 9.5%
3 Jiangsu 8.9%
4 Shandong 8.7%
5 Hunan 7.5%
Total percentage   44.2%

Table 8 Top Five Market of Light Buses in China

  Market Market Share
1 Guangdong 15.5%
2 Jiangsu 9.8%
3 Zhejiang 9.5%
4 Shandong 8.9%
5 Henan 7.2%
Total percentage   50.9%

 

Editor:Lucy

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