Microbus Market Will Decrease in 2011 Estimated Production 7.5 Million
2011-05-20 Source：
www.chinabuses.org: “Micro bus market does will go down.” Chang Raoda, the secretary of National bus association, categorically claimed.In accordance with the sales statistics of April 2011, Guangyi sells 1.077 million vehicles, increased by 1.3% compared with the same period last year and decreased by 13.1% compared with March 2011, which is because of the decrease of the market. The sales volume of April is 17.8 vehicles, decreased by 25.0% compared with March 2011 and decreased by 11.6% compared with the same period last year.
Industry insiders believes that, affected by the factor that automobiles go to town, exchange new one with old ones and the tax reduction of buying automobiles, the rank of sales volume will have to be changed.
Chang’an Microbus Shows Weakness
The public materials indicate that, in April 2011, the sales volume of Chongqing Chang’an Auto Holding Company is 44400; Shanghai Toyota is 106200. Compared with March, Shanghai Toyota, FAW-Volkswagen and Cherry have increased slightly. Other companies all decreased slightly, among which Chongqing Chang’an decreased by nearly 50%. The total sales of Chang’an company for the first quarter is 0.23 million which decreased by 20.5%.
The principle of Chang’an Auto, when interviewed, says:” the macro environment and the cancellation of the subsidy policy are not good news for the microbus market and our company is trying to change the strategy.
Capacity Surplus
During the recent two years, stimulated by the subsidy policy of the government, the microbus market is increasing rapidly. In 2010, the sales volume is close to 2.5 million, 1.3 times than that of 2008. Since 2009, many auto companies started to manufacture microbus such as Cherry, Beiqi Group, Shanqi Group and Chongqing Lifan and the old brand started to increase its production too. After 2009, totally 14 companies are manufacturing the microbus.
At the same time, the market intensity is quite high. The market share of Shangqi Toyota and Chang’an Company is 80.3% and the market share of Cherry and hippocampus and other new entrants is only around 2%.
“Rural areas are the main market of microbus. But the market is quite limited, at most 3 million. But now the estimated production capacity now is 7.5 million, which is sure to have surplus.” Jia Xinguan believes.
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