China’s Motorcycle Industry in July: Stable with Strong Exports, Slower Domestic Recovery
According to statistics from the China Chamber of Commerce for Motorcycle (CCCM), China’s motorcycle production and sales increased month-on-month in July, and decreased year-on-year. Foreign trade exports continued to recover and were at a relatively high level for the same period in history. From January to July, fuel motorcycle exports continued to improve, domestic sales slowed down in the second half of the year, and under the pull of exports, fuel motorcycles overall maintained stable operation.
In July, the entire industry produced and sold a total of 1.6816 million and 1.6369 million motorcycles, respectively. Among them, fuel motorcycles produced and sold 1.2854 million and 1.2651 million units, respectively; electric motorcycles produced and sold 396,300 and 371,800 units, respectively. Large-displacement leisure and entertainment motorcycles (displacement >250cc) produced and sold 54,100 and 53,200 units, respectively, down 26% and 22.56% year-on-year.
From January to July, the entire industry produced and sold a total of 11.6373 million and 11.2852 million motorcycles, down 8.56% and 11.95% year-on-year, respectively. Among them, fuel motorcycle production and sales were 8.2309 million and 8.2634 million units, with production increasing by 0.05% year-on-year and sales decreasing by 0.51%; electric motorcycle production and sales were 3.4063 million and 3.0218 million units, down 24.3% and 33.02% year-on-year, respectively. Large-displacement leisure and entertainment motorcycles (displacement >250cc) produced and sold 301,800 and 310,500 units, down 4.16% and 3.3% year-on-year, respectively.
From January to July, the top 10 fuel motorcycle sales companies (groups) were Dachangjiang (1.0882 million units), Loncin (643,000 units), Zongshen (481,500 units), Sundiro-Honda (451,000 units), Dayang (370,400 units), Wuyang-Honda (361,000 units), Tayo (328,000 units), Yinxiang (306,700 units), Dayun (284,700 units), and Qingqi Suzuki (266,100 units).
From January to July, the top 10 electric motorcycle sales companies (groups) were Yadea 1.4421 million units, Luyuan (395,500 units), Tailg (344,900 units), Sunra (243,600 units), Zongshen (216,300 units), Huaihai (105,300 units), Bus New Energy (64,100 units), Jinyi (56,700 units), Lovol (35,500 units), and Loncin (28,100 units).
**Export Situation**
In July, China’s motorcycle exports decreased month-on-month but maintained year-on-year growth. Looking at the export volume in July alone, it was at a relatively high level for the same period in history. From January to July, the cumulative export decline continued to narrow, and the export quantity was close to the same period last year. China’s motorcycle exports are clearly on a stable and positive trend and are expected to return to positive growth in August.
In July, motorcycle exports were 761,300 units, down 5.25% month-on-month and up 4.26% year-on-year; export value was $507 million, down 5.96% month-on-month and up 1.97% year-on-year. Among them, two-wheeled motorcycle exports were 731,700 units, down 5.01% month-on-month and up 5.79% year-on-year; three-wheeled motorcycle exports were 29,700 units, down 10.86% month-on-month and down 23.16% year-on-year.
From January to July, the total export value of motorcycle manufacturing companies was $4.012 billion, down 3.82% year-on-year, and the decline continued to narrow. Vehicle exports were 4.6554 million units, down 0.67% year-on-year, with an export value of $3.191 billion, down 2.19% year-on-year. Motorcycle engine exports were 588,800 units, up 1.35% year-on-year, with an export value of $129 million, down 2.91% year-on-year. ATV exports were 202,000 units, down 16.46% year-on-year, with an export value of $497 million, down 13.83% year-on-year. Motorcycle parts exports amounted to $195 million, down 2.1% year-on-year.
From January to July, the top six export series were: 125 series (1.4364 million units), 150 series (1.2813 million units), 110 series (623,500 units), 200 series (385,000 units), 50 series (300,800 units), and 250 series (176,500 units).
From January to July, the top 10 motorcycle exporting companies were: Loncin, Dachangjiang, Tayo, Zongshen, Sundiro-Honda, Yinxiang, Haojin, Dayun, Lifan, and Sanyang. The above 10 companies exported a total of 2.6751 million units, accounting for 63.64% of total motorcycle exports.
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