Automotive industry: high growth in the truck market and large bus market

The prosperity of the truck industry in April is still relatively high, and the overall market performance of the passenger car industry is sluggish.

In April, heavy trucks (including heavy-duty trucks, semi-trailer tractors and heavy-duty truck chassis) were booming. Heavy truck products produced 79,803 vehicles and sold 81,868 vehicles. The sales ratio was 102.6%, and sales volume increased 51.8% year-on-year. All subdivided products in heavy-duty truck products showed good growth in April. Relatively speaking, sales of heavy-duty trucks and semi-trailer tractors with more than 25 tons grew faster. Since entering the year of 2008, heavy-duty trucks have maintained high sales growth for four consecutive months.

In April, the sales volume of Sino Card products increased steadily, but the trend of shrinking market share in China Card products has not changed.

In April, the light truck market continued to grow steadily, and the market share of light trucks in all truck products continued to increase.

The large passenger car market continues to maintain its momentum of rapid growth, while medium-sized passenger cars have grown steadily and light passenger car sales have shrunk.

The competitive landscape of various segments of heavy truck products has not undergone major changes. China National Heavy Duty Truck, Dongfeng Motor and China FAW Group are leaders in the segment of heavy-duty trucks, heavy-duty truck chassis and semi-trailer tractors respectively. The three companies mentioned above still showed rapid growth year-on-year, indicating that these three companies have experienced rapid growth. The company's strong overall competitiveness. Relatively speaking, Dongfeng Motor's performance in all heavy truck product segment markets this month is very strong; the light truck product market competition pattern is relatively stable, and Beiqi Foton is still maintaining a leading edge in this segment with a large advantage.

The competitive pattern of the various market segments of passenger cars has basically remained stable. Yutong Bus, Jinlong Automobile and Jinbei Automobile have occupied a relatively large market share in the large passenger car, medium passenger car and light passenger car market respectively.

The truck companies with higher sales growth of listed companies this month include China National Heavy Duty Truck, Shaanxi Heavy Duty Truck and Foton Motor.

The bus companies with high sales growth of listed companies this month are Yutong Bus and Nanjing Iveco. The sales growth of Foton Motor's light passenger vehicles is also relatively high.

First, the overall commercial vehicle market

In April, the commercial vehicle market achieved an overall sales of 317,714 vehicles, an increase of 20.9% year-on-year. From January to April, the commercial vehicle market achieved 1,045,548 vehicles, an increase of 23.0% year-on-year.

Among them, in April, the truck market achieved sales of 286,304 vehicles, an increase of 23.5% year-on-year; the bus market achieved sales of 21,602 vehicles (excluding passenger car chassis), a year-on-year decrease of 1.0%. From January to April, the truck market achieved sales of 932,464 units, an increase of 26.7% year-on-year, and the passenger car market achieved sales of 79,241 units, an increase of 6.2% year-on-year.

From April's sales data, the truck market has grown rapidly, while the passenger car market has seen a slight decline. From the sales data for January-April, the truck sales performance was strong, and the bus sales were generally sluggish.

Second, the performance of commercial vehicle market segments

1. Truck market

Heavy truck product market performance remains strong

In April, the production and sales of heavy-duty truck products were booming. Heavy-duty trucks (including trucks with heavy trucks, semi-trailer tractors and heavy-duty truck chassis) produced 79,803 vehicles, sold 81,868 vehicles, and the production efficiency was 102.6%. Sales volume increased 51.8% year-on-year. All subdivided products in heavy-duty truck products showed good growth in April. Relatively speaking, sales of heavy-duty trucks and semi-trailer tractors with more than 25 tons grew faster. Since entering the year of 2008, heavy-duty trucks have maintained high sales growth for four consecutive months.

China Card's products grow relatively steadily, but the trend of shrinking market share has not changed

In March and April, the sales volume of China Cards increased 26.8% and 12.4% year-on-year, respectively, but the market share of China Card products further shrank. This trend will continue.

Light truck product sales grow steadily and market share further increases

In the higher base of the same period of last year, the sales volume of light trucks increased by 20.4% and 17.5% in March and April respectively, indicating that the market demand for light truck products remains strong. The steady increase in sales volume has enabled the market share of light truck products to continue to increase.

Heavy truck product market competition structure tends to be stable

In April, there was no major change in the market competition pattern of heavy-duty trucks (including heavy-duty trucks, semi-trailer tractors and heavy truck chassis). FAW Group, Dongfeng Motor and China National Heavy Duty Truck still occupy the top three positions; Shaanxi Zhongqi and Foton Motor constitute the second echelon of the heavy-duty truck product market; Shanghai Automotive Group’s Shanghai Huizhong and SAIC Iveco Hongyan, North Benz and Jianghuai Automobile. Anhui Hualing and other companies are in the third echelon of the heavy truck product market.

Compared with March, the market share of FAW Group decreased more obviously, while the market share of SAIC Iveco Hongyan, which is owned by China National Heavy Duty Truck Group, Shaanxi Heavy Duty Truck Group and SAIC Motor, rose significantly.

The competitive landscape of sub-segments in heavy-duty truck products has not changed

Similar to the situation in March, CNHTC continued to maintain its position as a market leader in the heavy truck segment, and maintained a high sales growth rate in April; The market share of the market rose rapidly; Dongfeng Motor continued to lead the heavy truck chassis market segment and maintained a high sales growth rate; FAW Group's leading position in the semi-trailer tractor segment was temporarily stable. In the market, the market shares of Dongfeng Motor, Foton Motor and Shaanxi Heavy Duty Truck are between Bozhong. From the data of the past 24 months, China National Heavy Duty Truck is declining in the semi-trailer tractor segment market.