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Position:analyst > analysis > Yutong Sales Growth Analysis in January - October of 2012 (I)

Yutong Sales Growth Analysis in January - October of 2012 (I)

2013-01-21    Source:www.chinabuses.org
Summarize:

www.chinabuses.org: 1. Yutong Sales Growth Condition of Different Lengths

 

 

 

Total 

12<L

11<L≤12

10<L≤11

9<L≤10

Jan.-Oct. 2012

39018

393

11724

5655

2927

Jan.-Oct. 2011

34848

637

10480

3885

2790

Y-O-Y Rise

11.97

-38.3

11.87

45.6

4.9

Industry Rise

5.05

-21.99

13.7

-0.27

7.9

 

8<L≤9

7<L≤8

6<L≤7

5<L≤6

3.5<L≤5

Jan.-Oct. 2012

7880

7020

3005

414

 

Jan.-Oct. 2011

7146

7390

2520

 

 

Y-O-Y Rise

10.27

-5.0

19.2

 

 

Industry Rise

6.4

5.49

2.3

6.5

-0.79

 


We can see from the above:


(1) Sales of Yutong buses in Jan.-Oct. increase by 11.97% year-on-year, 6.9% higher than industrial average, which means Yutong is increasing rapidly.


(2) Except for super large buses and 7-8m buses, sales of other lengths increase, even higher than industrial average. Sales of 10-11m increase the most, by 45.6%, 46% higher than industrial average. Yutong, advantageous traditionally in 11-12m market, is still developing well in this length and sales of 6-7m increase higher than industrial average.


(3) As the leading manufacturer, Yutong decreases in super large bus market.


2. Yutong Coaches Sales Growth Condition of Different Lengths

 

 

 

Total 

12<L

11<L≤12

10<L≤11

9<L≤10

Jan.-Oct. 2012

23313

105

8007

3053

2223

Jan.-Oct. 2011

25280

104

7070

2661

1994

Y-O-Y Rise

-7.78

0.96

13.2

14.73

11.48

Industry Rise

-7.35

-27.9

6.3

1.36

18.1

 

8<L≤9

7<L≤8

6<L≤7

5<L≤6

3.5<L≤5

Jan.-Oct. 2012

5623

3381

921

 

 

Jan.-Oct. 2011

5115

5817

2519

 

 

Y-O-Y Rise

9.93

-41.88

-63.4

 

 

Industry Rise

-4.8

-20.66

-26.7

-8.0

-2.65

 


We can see from the above that:


(1) Sales of Yutong coaches decrease by 7.78%, 0.43% higher than industrial average, while average growth of Yutong reach 11.97%, which means the growth of Yutong is not mainly caused by that of coaches.


(2) Sales of 6-7m and 7-8m decrease, causing the overall decline of Yutong coaches, while sales of super large buses, 11-12m, 10-11m and 8-9m increase higher than industrial average. Therefore, it's presumable that profits won't be affected much by sales declining of Yutong coaches.

Editor:Song

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