Summarize：According to the latest statistics released by China Association of Automobile Manufacturers (CAAM), China produced 43,000 units buses (chassis included) and sold 44,800 units in June this year, up by 16% and 22% month on month respectively, up by 33% and 30% year on year respectively.
In June, China’s sales volume of large-sized buses reached 5,568 units, accounting for 12.43% of the total bus sales. For the detailed information of the top 5 bus makers in the large-sized bus market, please refer to Table 1 below.
Table 1 Top 5 Bus Makers in the Large-Sized Bus Market in June
| R |
Brands |
Sales in Jun., 2023 |
M/M Growth |
Y/Y Growth |
Market Share |
| 1 |
Yutong |
2,489 |
60.0% |
190.0% |
44.70% |
| 2 |
Higer |
776 |
-16.0% |
122.0% |
13.94% |
| 3 |
Zhongtong |
588 |
115.0% |
155.0% |
10.56% |
| 4 |
King Long |
493 |
-10.0% |
-3.0% |
8.85% |
| 5 |
Golden Dragon |
296 |
8.0% |
6.0% |
5.32% |
| |
total |
5,568 |
19.0% |
65.0% |
100.0% |
In June, China’s sales volume of medium-sized buses stood at 4,794 units, accounting for 10.7% of the total bus sales. For the detailed information of the top 5 bus makers in the medium-sized bus market, please refer to Table 2 below.
Table 2 Top 5 Bus Makers in the Medium-Sized Bus Market in June
| R |
Brand |
Sales in Jun., 2023 |
M/M Growth |
Y/Y Growth |
Market Share |
| 1 |
Yutong |
1,738 |
43.0% |
81.0% |
36.25% |
| 2 |
Chengdu Bus |
408 |
4433.0% |
Net growth |
8.52% |
| 3 |
Golden Dragon |
357 |
44.0% |
14.0% |
7.45% |
| 4 |
Zhongtong |
350 |
76.0% |
207.0% |
7.30% |
| 5 |
CRRC Electric |
340 |
109.0% |
Net growth |
7.09% |
| |
total |
4,794 |
57.0% |
60.0% |
100.0% |
From January to June this year, China sold 223,200 units buses, up by 24% year on year. In the same period, its sales volume of large-sized buses reached 23,800 units, up by 31% year on year and accounting for 10.66% of the total bus sales. For the detailed information of the top 5 bus makers in the large-sized bus market, please refer to Table 3 below.
Table 3 Top 5 Bus Makers in Large-Sized Bus Market from Jan. to Jun.
| R |
Brand |
Sales Volume |
Y/Y Growth |
Market Share |
| 1 |
Yutong |
7,693 |
62.0% |
32.32% |
| 2 |
Higer |
3,086 |
101.0% |
12.97% |
| 3 |
King Long |
2,775 |
43.0% |
11.66% |
| 4 |
Golden Dragon |
2,306 |
65.0% |
9.69% |
| 5 |
Zhongtong |
1,825 |
18.0% |
7.67% |
| |
total |
23,800 |
31.0% |
100.0% |
Also in the first half of this year, the sales volume of medium-sized buses stood at 14,600 units, up by 9% year on year and accounting for 6.54% of the total bus sales. For the detailed information of the top 5 bus makers in the medium-sized bus market, please refer to Table 4 below.
Table 4 Top 5 Bus Makers in Medium-Sized Bus Market from Jan. to Jun.
| R |
Brand |
Sales Volume |
Y/Y Growth |
Market Share |
| 1 |
Yutong |
5,261 |
22.0% |
36.03% |
| 2 |
FAW Toyota |
1,231 |
8.0% |
8.43% |
| 3 |
CRRC Electric |
908 |
174.0% |
6.22% |
| 4 |
Zhongtong |
820 |
30.0% |
5.62% |
| 5 |
Golden Dragon |
810 |
9.0% |
5.55% |
| |
total |
14,600 |
9.0% |
100.0% |
