High-End Bus Sales in the First Half of 2025 Increase by 2% Year-on-Year

In the first half of 2025, a total of 2,526 high-end buses priced above 900,000 yuan were sold (data mainly sourced from public bidding information aggregated from various regions, same below), a slight increase of 2% compared to the 2,477 units sold in the same period last year.

So, what are the specific characteristics of the high-end bus market in the first half of 2025?

According to statistics, the sales of high-end buses priced above 900,000 yuan in the first half over the past decade are as follows:

In the first half of 2025, a total of 2,526 high-end buses were sold, representing a year-on-year increase of 2%. The sales volume ranks fourth among the same periods over the past decade, indicating that the sales of high-end buses in the first half of this year are at medium a-to-high level compared to the past decade. The year-on-year growth is mainly attributed to the increased demand for high-end new energy coaches, which is driven by the national and local "trade-in" subsidy policies for old new energy buses in 2025.

At the same time, the decline in fuel cell bus sales in the first half of this year (with a year-on-year decrease of over 20% in the terminal sales volume of fuel cell coaches in China in the first half of 2025) has had an impact. Since the market price of fuel cell coaches is generally above 900,000 yuan, this has affected the overall sales. Additionally, the sales of high-end tour coaches priced above 900,000 yuan also saw a significant year-on-year decline in the first half of this year.

It is the combined effect of the above factors that has led to the modest 2% year-on-year growth in the high-end buses market in the first half of 2025.

In terms of price segments, the 900,000-1,500,000 yuan price range has the largest sales volume and is the only segment that has seen year-on-year growth.