Industry news_Weichai (Yangzhou) Yaxing New energy Commercial Vehicle Co., Ltd.

Which brand tops the list with a difference of a hundred vehicles between Jiangling and Maxus? Changan, Jinlv, and others have achieved growth. Here are the top ten light commercial vehicle sales rankings for November.

2021-12-27

The light commercial vehicle (LCV) market, as the largest segment of the bus market, has a significant impact on the overall trends of the bus market. In the first eight months of 2021, the continuous growth of the LCV market led to an "8-month consecutive increase" in the bus market. However, in September and October, the continuous decline in the LCV market directly caused the entire bus market to experience a "2-month consecutive decline." Will the LCV market continue to cause the bus market to decline in November? According to the latest data from the China Association of Automobile Manufacturers, in November 2021, the bus market (including incomplete vehicles) in China sold 40,000 units, a month-on-month increase of 2% but a year-on-year decrease of 16%, marking a "three-month consecutive decline." Among these, the light bus market sold 31,500 units, a year-on-year decrease of 13%, creating the largest decline in 2021 and also experiencing a "three-month consecutive decline." The continuous decline in the LCV market is the main reason for the overall decline in the bus market. In November, the sales of 31,500 light buses accounted for 78.92% of the entire bus market, a slight decrease from the previous month (80.86%). Looking at the sales and growth trends of light buses in November over the past five years, it can be seen that the LCV market has shown a trend of decline-increase-increase-increase-decline in November. The sales of light buses in November over the past five years have not varied much, concentrated in the range of 31,000 to 36,000 units. Notably, the sales in November 2019 and 2020 exceeded 35,000 units, while the sales of 31,500 units in November 2021 are at a relatively low level compared to the highest sales in November 2020, which sold about 4,700 units more. In terms of cumulative sales, from January to November 2021, the LCV market sold a total of 372,400 units, the best performance for the first eleven months in the past five years. In 2021, the LCV market broke through 200,000 units for the first time after June and also surpassed 300,000 units for the first time after September, as shown in the chart. In the four years from 2018 to 2020, the LCV market did not exceed 300,000 units after November. After November, the cumulative sales of 372,400 units have successfully surpassed the total sales for the entire year of 2020 (344,200 units), indicating that the performance of the LCV market in 2021 is still outstanding. The sales table for the light bus market in November 2021 (units: vehicles) shows that the light bus market experienced a year-on-year decline of 13%. Among the top ten companies in November sales, five increased and five decreased, with the companies that achieved growth having double-digit increases. The highest increase was from Xiamen Jinlv, ranked 8th in monthly sales, with an increase of 78%. Xiamen King Long also saw an increase of over 50%, reaching 51%. SAIC Maxus and Chongqing Changan, ranked 2nd and 3rd, increased by 12% and 16% year-on-year, respectively. Nanjing King Long's light bus sales in November increased by 22% year-on-year, making it another company with double-digit growth. Among the five companies that experienced a decline in November, four had double-digit decreases, with the most significant decline being 32% year-on-year. In terms of market share, the top ten companies accounted for a total of 94.58% of the market in November, with the top five companies holding a combined share of 77.86%. These five companies captured more than three-quarters of the light bus market in November, with the top four companies each exceeding 10% market share. The top two companies, Jiangling Motors and SAIC Maxus, both exceeded 20% in November, reaching 24.36% and 24.03%, respectively, with a sales gap of only 105 vehicles, indicating a fierce competition for the top position. Changan and Foton, ranked 3rd and 4th, had market shares of 12.13% and 10.90%, respectively, while Nanjing Iveco, ranked 5th in November sales, had a market share of 6.45%. From January to November 2021, the LCV market achieved cumulative sales of 372,400 units, a year-on-year increase of 24%. The cumulative growth rate narrowed by 6 percentage points compared to the first ten months (+30%), with approximately 73,200 more units sold than the same period last year. Among the top ten companies in November sales, nine increased and one decreased, with most companies in the growth range. The highest increase was from SAIC Maxus, ranked second in cumulative sales, which sold 73,400 units from January to November, a year-on-year increase of 45%, surpassing last year's total sales (SAIC Maxus sold 59,700 units in 2020) by 13,700 units. Chongqing Changan, Dongfeng Company, and Xiamen Jinlv had cumulative sales growth rates of 44%, 29%, and 29%, respectively, outperforming the overall LCV market. Jiangling Motors, ranked first in cumulative sales, had a cumulative growth rate of 14%, selling 11,200 more units than the same period last year. In 2021, the LCV market achieved the only "8 consecutive increases" in the bus market. Although it faced consecutive declines from September to November, after November, the cumulative sales of the LCV market reached 372,400 units, successfully surpassing the total sales for the entire year of 2020 (344,300 units), with nearly 30,000 more units sold than last year. With only one month left in 2021, unless there are miracles in the large and medium bus markets, the LCV market is likely to be the only segment in the bus market to achieve growth in 2021.

Jiangling returns to the top spot, with impressive gains from Maxus, JAC, and Golden Dragon. October light commercial vehicle sales ranking.

2021-12-10

The light commercial vehicle (LCV) market, as the largest segment of the bus market, has a significant impact on the overall trends of the bus market. In September 2021, the LCV market experienced its first decline of the year, which directly led to the first decline of the entire bus market in 2021. Will the LCV market cause the bus market to face consecutive declines in October with its "own strength"? According to the latest data from the China Association of Automobile Manufacturers, in October 2021, the bus market (including incomplete vehicles) in China sold 39,000 units, a month-on-month decrease of 1% and a year-on-year decrease of 9%, marking the first "consecutive decline" of 2021. Among these, the sales of light commercial vehicles reached 31,500 units, a year-on-year decrease of 4%, also experiencing a consecutive decline. The decline in the LCV market is a major reason for the overall downturn in the bus market. In October, the sales of 31,500 light commercial vehicles accounted for 80.86% of the entire bus market, a slight decrease from the previous month (82.16%). Looking at the sales and growth trends of light commercial vehicles in October over the past five years, it can be seen that the LCV market has shown a pattern of increase-decrease-increase-increase-decrease. The sales of light commercial vehicles in October over the past five years have not varied much, concentrated in the range of 27,000 to 33,000 units, with two years exceeding 30,000 units in October. The sales of 31,500 units in October 2021 is the second highest in the past five years, about 1,300 units less than the highest sales in October 2020. In terms of cumulative sales, from January to October 2021, the LCV market sold a total of 340,800 units, the best performance for the first ten months in the past five years. In 2021, the LCV market broke through 200,000 units for the first time after June and also surpassed 300,000 units for the first time after September in the past five years. As shown in the chart, from 2017 to 2020, the LCV market did not exceed 300,000 units after October. Overall, the performance of the LCV market in 2021 is outstanding. The sales table for the light commercial vehicle market in October 2021 (units: vehicles) shows that the LCV market experienced a year-on-year decline of 4%. Among the top ten companies in October sales, five increased and five decreased. Two companies achieved double-digit growth, with Chongqing Changan ranking third and Xiamen Jinlong ranking seventh, both achieving a sales increase of 19% in October. SAIC Maxus, Dongfeng, and JAC Motors saw year-on-year increases of 3%, 3%, and 9%, respectively, as the other three companies that achieved growth. Among the five companies that experienced declines, three had double-digit decreases, with the most severe decline being 31%. Foton Motor and Xiamen Golden Dragon had declines of 1% and 2%, respectively, outperforming the overall LCV market. In terms of market share, the top ten companies accounted for a total of 95.20% of the market in October, with the top five companies accounting for 76.22%. These five companies captured more than three-quarters of the LCV market in October, with the top four companies each exceeding 10% market share. Jiangling Motors, which returned to the top of the monthly sales chart, was the only company with a monthly share exceeding 20%, reaching 24.28%. SAIC Maxus followed closely with a share of 19.68%, while Changan and Foton had shares of 13.19% and 11.47%, respectively. Nanjing Iveco, ranked fifth in October sales, had a share of 7.61%. From January to October 2021, the LCV market achieved cumulative sales of 340,800 units, a year-on-year increase of 30%. The cumulative growth rate narrowed by 4 percentage points compared to the first nine months (+34%), with approximately 78,000 more units sold than the same period last year. Looking specifically at the top ten companies in October sales, all ten companies were in the growth range, with the highest increase being SAIC Maxus, which sold 65,800 units from January to October, a year-on-year increase of 50%, exceeding last year's total sales (SAIC Maxus sold 59,700 units in 2020) by more than 6,000 units. Chongqing Changan, Dongfeng, and Nanjing Iveco had cumulative sales growth rates of 47%, 30%, and 39%, respectively, outperforming the overall LCV market. Jiangling Motors, ranked first in cumulative sales, had a cumulative growth rate of 23%, selling 15,300 more units than the same period last year. In 2021, the LCV market achieved the only "8 consecutive increases" in the bus market. Although it faced consecutive declines in September and October, after October, the cumulative sales of the LCV market reached 340,800 units, almost on par with the total sales for 2020 (344,300 units), and nearly 80,000 more units than the same period last year, which is roughly equivalent to more than two months of sales for the LCV market. With only two months left in 2021, it is almost certain that the LCV market will exceed last year's total sales after November, and it is highly likely to be the only segment of the bus market to achieve growth in 2021.

Datong wins the championship, Foton enters the top three, and Shenlong makes it into the top ten. September light commercial vehicle sales ranking.

2021-11-02

Yutong buses exceed a thousand units, Haige leads the medium-sized bus market, and Jiangling's light buses increase by 51%. Analysis of bus sales in August.

2021-09-24

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Weichai (Yangzhou) Yaxing New energy Commercial Vehicle Co., Ltd.

Sales Hotline: 0514-87708298

After-sales service:400-828-0870

E-mail:eurise@asiastarbus.com

Add:No. 8, Yang Ling Road, Yangzhou, Jiangsu

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