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Position:analyst > analysis > China’s Bus Production and Sales Volume Reached 43,000 Units and 44,800 Units in June

China’s Bus Production and Sales Volume Reached 43,000 Units and 44,800 Units in June

2023-07-27    Source:www.chinabuses.org
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%

 

Editor:Mark

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