A commercial vehicle, such as a commercial minivan is one kind of automobile for transporting people and goods in design and technical features. It is customary to divide into two categories: buses and trucks.
Since late July, industrial enterprises have continued their stable recovery and are facing challenges. Among them, the spread of epidemics in some areas in China has been superimposed by the impact of overseas epidemics. So, it hinders the production and supply of some enterprises. The prices of bulk commodities are generally operating at a high level. And the pressure of rising corporate costs has gradually emerged. In this context, the operating pressure of the automotive industry has increased.
Judging from the market situation, automobile production and sales this month continued to decline year-on-year. And the rate of decline further expanded. Although the shortage of chips significantly affected the company’s production plans. The cumulative production and sales of automobiles still showed a slight increase compared with the data of the same period in 2019.
At present, the supply of automobile products is mainly insufficient, and the terminal market demand remains stable. The switch about the National VI emission regulations for heavy diesel vehicles on July 1 affects commercial vehicles. Caused the commercial vehicle market to fluctuate. However, light buses continue to maintain rapid growth.
1. The production and sales of commercial vehicles, including commercial minivan dropped sharply year on year.
In August, the production and sales of commercial vehicles, including commercial minivan were 229,000 and 247,000. Down 27.5% and 20.9% month-on-month. Down 46.2% and 42.8% year-on-year respectively. The rate of decline continued to increase significantly by 13% and 12.6% respectively over July. Terms of different vehicle types, the production and sales of trucks fell sharply year-on-year. And the production and sales of passenger cars continued to grow year-on-year.
Compared with the same period in 2019, production and sales for commercial vehicles fell by 23.1% and 19% year-on-year. And the growth rate has turned from positive to negative compared to July. The National VI emission regulations for heavy-duty diesel vehicles were switched on July 1 this year. The market demand has fluctuated greatly. And then it has shown a clear trend of High before and low after.
From January to August, the production and sales of commercial vehicles, including commercial minivan were 3.275 million and 3.444 million respectively, up by 0.6% and 5.5% year on year. The growth rate continued to drop by 7 and 7.4 percentage points from January to July. In terms of vehicle types, the growth rate of truck cumulative output has turned from positive to negative, while the production and sales of other vehicle types are still increasing.
Compared with the same period in 2019, the production and sales of commercial vehicles increased by 20% and 23.8% year-on-year, and the growth rate dropped by 5.2 percentage points from January to July.
2. Light passengers continue to maintain rapid growth.
From the situation of passenger and freight subdivision models, among the trucks, all four types of vehicles showed a decline, among which heavy trucks showed the largest decline. Among buses, large and medium-sized buses showed a decline, while light buses, including commercial minivan maintained rapid growth, which drove buses to continue to grow.
Considering various factors, we need to look at the development of the industry for commercial vehicles, including commercial minivan cautiously and optimistically. Preliminarily predict that the market for the whole year may be weaker than expected.