[First Commercial Vehicle Network Original].
In 2023, with the help of the two most important segments in the field of heavy trucks and light trucks, the commercial vehicle market has maintained growth since February, and finally ended with a cumulative annual sales of more than 4 million units, a year-on-year increase of 22%; How will the commercial vehicle market start in 2024? Can the previous streak continue? Who can be the top seller in the first month of 2024 among the commercial vehicle powers such as Foton, Dongfeng, and Jiefang?
Please see the analysis report of the first commercial vehicle network.
January sales 32390,000 units, down 11% m/m and up 80% y/y
The first commercial vehicle network recently learned that according to the data of the China Automobile Association (the number of corporate invoices, non-terminal actual sales, the same below), in January 2024, China's commercial vehicle market sales were 32390,000 units, down 11% month-on-month from December last year, up 80% year-on-year, and about 14% more than in January last year350,000 units, about 18 times. This round of continuous growth in the commercial vehicle market has successfully expanded to "12 consecutive increases".
Looking at the trend chart of commercial vehicle sales and growth in January in the past five years, it can be seen that the commercial vehicle market in the past five years has gone out of a trend of decline-increase-decrease-decrease in the first month of the year, and the sales high point in January of the past five years is in 2021, and the sales volume of the commercial vehicle market in January of that year reached 45930,000 units, and the bottom of sales will occur in January 2023, when only 18040,000 units. Except for the peak performance in January 2021 and the trough performance in January 2023, the sales of commercial vehicles in January in the rest of the years are not much different, all at the level of 32-350,000 units. In terms of numbers, the commercial vehicle market in January 2024 was 32Sales of 390,000 units ranked third in five years, which is at a medium level, and this performance is also a medium level performance in the past ten years. However, in any case, in the first month of the year, the harvest was 8% of the big increase (although the main reason for the large increase was that the base of the same period last year was too small), which made people have higher expectations for the prospects of the commercial vehicle market this year.
Foton won the first crown of the new year with more than 50,000 vehicles, and Dongfeng Jiefang doubled
In January 2024, there are 10 companies in the commercial vehicle market with sales of more than 10,000 units, and Foton Motor will sell more than 5With a performance of 190,000 units, it won the first place in the commercial vehicle market in the first month of this year.
Commercial vehicle market sales volume in January 2024 (unit: units).
As can be seen in the table above, in January 2024, the commercial vehicle market increased by 80% year-on-year, and the sales growth rate increased by 55 percentage points compared to the previous month (the commercial vehicle market increased by 25% year-on-year in December 2023). In the overall market growth rate of 80% of the environment, the top 10 commercial vehicle sales in January all harvested growth: Dongfeng, Jiefang, Changan, Jianghuai and Jiangling and other companies in January sales increased by % and 101% year-on-year respectively, doubling the way to harvest a "good start", China National Heavy Duty Truck sales in January also increased by 88% year-on-year, also outperformed the commercial vehicle market in January, "other companies are underperforming" to achieve growth, most companies year-on-year growth has reached double digits.
In terms of market share, the total share of the top 10 companies in terms of sales volume reached 84 in January7%, and the total share of the top five companies exceeded 60%, reaching 6023%。In January, there were 4 companies in the commercial vehicle market with a share of more than 10%, and the top 4 Foton, Dongfeng, Sinotruk and Jiefang respectively grabbed the commercial vehicle market in January. 37% and 1035% of the share, the sales gap between neighboring companies in January is not large, of which the ranking of Sinotruk and Jiefang is only 69 vehicles, and the monthly share is only 002%。
The gap between the bottom companies is also very small, with the difference between the monthly share of Great Wall and Jiangling in January being only 07%；In January, the difference between the monthly share of Jiangling and Shaanxi Automobile was only 035%；In January, Shaanxi Automobile and Maxus ranked first in terms of monthly share difference of only 003%……The battle for seats in the commercial vehicle market is fierce at the beginning of 2024.
Compared with the top ten of the year-end commercial vehicle market in 2023, the commercial vehicle market in January this year has changed a lot in terms of membership and ranking, and only the top two Foton and Dongfeng in the ranking remain unchanged, as well as SAIC Maxus, which ranks tenth in the industry. Shaanxi Automobile "entered" the top 10 of the monthly list, ranking 9th (Shaanxi Automobile ranked 11th at the end of 2023), Sinotruk and Jiefang "topped" to the first place in the monthly list (Sinotruk and Jiefang ranked 4th and 6th respectively at the end of 2023), and JAC, Great Wall and Jiangling grabbed the 6th-8th place in the sales list in the first month of 2024 (JAC, Great Wall and Jiangling ranked 7-9 at the end of 2023) ......The new year's commercial vehicle market qualifying has just begun, any company has the opportunity to catch up, the competition in the commercial vehicle market has always been very fierce, and the industry pattern will definitely change again next month, please pay attention to the follow-up report on this site.