In August 2024, the national retail sales of commercial vehicles were 0.2159 million vehicles, a year-on-year decrease of 11.42% and a month-on-month decrease of 2.81%.
According to Futubull Finance APP, China Automobile Dealers Association stated in a document that from January to August 2024, the retail sales of new commercial vehicles were 1.8758 million vehicles, a cumulative year-on-year decrease of 1.86%. Among them, the sales volume in August was 0.2159 million vehicles, a year-on-year decrease of 11.42% and a month-on-month decrease of 2.81%. According to the analysis of retail sales data provided by the Commercial Vehicle Professional Committee of China Automobile Dealers Association, the national retail sales of commercial vehicles in August 2024 were 0.2159 million vehicles, a year-on-year decrease of 11.42% and a month-on-month decrease of 2.81%.
The market share of the top 5 enterprises in terms of retail sales is 39.33%, in order: SAIC-GM-Wuling, Beiqi Foton Motor, Jiangling Motors Corporation, FAW Jiefang Group, Geely Commercial Vehicle. In terms of different vehicle models, they are as follows:
Truck: The retail sales volume in August was 0.1737 million vehicles, a year-on-year decrease of 15.82% and a month-on-month decrease of 4.25%. The market share of the top 5 enterprises is 42.05%, in order: SAIC-GM-Wuling, Beiqi Foton Motor, FAW Jiefang Group, Great Wall Motor, China National Heavy Duty Truck Group Co., Ltd. (Sinotruk).
Bus: The retail sales volume in August was 0.0422 million vehicles, a year-on-year increase of 12.94% and a month-on-month increase of 3.63%. The market share of the top 5 enterprises is 51.01%, in order: SAIC-GM-Wuling, Geely Commercial Vehicle, SAIC Maxus, Jiangling Motors Corporation, Beiqi Foton Motor.
From January to August, the cumulative retail sales of commercial vehicles nationwide were 1.8758 million vehicles, a cumulative year-on-year decrease of 1.86%.
The top 5 companies account for 39.17% of retail sales, in order: SAIC-GM-Wuling, Beiqi Foton Motor, FAW Jiefang Group, Jiangling Motors Corporation, and Great Wall Motor. In terms of different vehicle models, they are as follows:
Trucks: The retail sales volume from January to August is 1.5585 million units, with a year-on-year decrease of 6.68%. The top 5 companies account for 43.03% of retail sales, in order: SAIC-GM-Wuling, Beiqi Foton Motor, FAW Jiefang Group, Great Wall Motor, and Sinotruk Howo.
Buses: The retail sales volume from January to August is 0.3172 million units, with a cumulative year-on-year increase of 31.46%. The top 5 companies account for 44.10% of retail sales, in order: SAIC Maxus, Jiangling Motors Corporation, SAIC-GM-Wuling, Geely Yuan Cheng, and Beiqi Foton Motor.