China’s Motorcycle Industry in October:Domestic Market Demand in Slow Recovery&Increasing Total Profits
According to the statistics of the China Motorcycle Chamber of Commerce (CCCM), the sales of fuel motorcycles in China decreased month on month in October, but it kept year-on-year growth. There was an obvious decrease in electric motorcycles. Motorcycle foreign trade exports slightly decreased month on month, with a significant year-on-year growth. From January to October, the cumulative sales of fuel motorcycles maintained a slight growth overall, but China’s Motorcycle Industry was faced with insufficient domestic demand and slower foreign demand.
Production & Sales
In October, fuel motorcycle production and sales were 1.0918 million and 1.1271 million units, a month-on-month decrease of 9.18% and 7.77%, and a year-on-year decrease of 1.5% in production and a year-on-year increase of 3.53% in sales. Electric motorcycle production and sales were 363,500 and 348,400 units, output decreased by 28.62%and 28.95% month-on-month, and decreased by 27.06% and 24.67% year-on-year. The entire industry produced and sold a total of 1.4553 million and 1.4756 million motorcycles respectively in October,a month-on-month decrease of 14.96% and 13.83%, and a year-on-year decrease of 8.56% and 15.34%. The production and sales of large-displacement recreational motorcycles (displacement >250CC) produced and sold 40,600 and 42,500 units, a month-on-month decrease of 8.56% in production and a month-on-month increase of 15.34% in sales, and a year-on-year decrease of 16.8% in production and 2.3% in sales.
From January to October, fuel motorcycle production and sales were 11.8197 million and 11.8983 million units, a year-on-year increase of 2.15% and 1.64%. Electric motorcycle production and sales were 4.7176 million and 4.2976 million units, a year-on-year decrease of 28.91% and 35.46%. From January to October, the entire industry produced and sold a total of 16.5374 million and 16.1959 million motorcycles, down 9.17% and 11.81% year-on-year. Among them, the production and sales of two-wheeled motorcycles were 14.5609 million and 14.2156 million, down 10.48% and 13.42% year-on-year. The production and sales of large-displacement recreational motorcycles (displacement >250CC) were 436,900 and 451,100, down 11.2% and 9.85% year-on-year, respectively. The production and sales of three-wheeled motorcycles were 1.9764 million and 1.9803 million units, a year-on-year increase of 1.79% and 1.77%.
From January to October, the top 10 fuel motorcycle sales companies (groups) were Dachangjiang (1.5786 million units), Loncin (1.0452 units), Zongshen (704,400 units), Sundiro-Honda (640,500 units), Dayang (556,500 units), Wuyang-Honda (516,800 units), Tayo (482,500 units), Yinxiang (439,300 units), Dayun (408,900 units), and Qingqi Suzuki (360,200 units).
From January to October, the top 10 electric motorcycle sales companies (groups) were Yadea (2.024 million units), Luyuan (528,800 units), Tailg (522,100 units), Sunra (339,800 units), Zongshen (330,800 units), Huaihai (153,600 units), Bus New Energy (108,000 units), Jinyi (81,900 units), Lovol (54,000 units), and Loncin (42,300 units).
Export Situation
In October, China’s motorcycle exports declined month-on-month, with a continuous year-on-year increase due to the low base in the same period last year. There is a slight increase in cumulative export volume from January to October. In general, China’s motorcycle exports are stable, but the growth is slowing down, with the insufficient demand.
In October, 690,000 motorcycles were exported, a month-on-month decrease of 4.43% and a year-on-year increase of 19.29%; the export value was US$412 million, a month-on-month decrease of 8.87% and a year-on-year decrease of 6.51%. Among them, 661,000 two-wheeled motorcycles were exported, a decrease of 3.77% month-on-month and an increase 20.83% year-on-year; 29,100 three-wheeled motorcycles were exported, an increase of 17.31% month-on-month and 7.54% year-on-year.
From January to October, the total export volume of motorcycle manufacturers was US$5.712 billion, a year-on-year decrease of 1.06%, with the decline to narrow. The export volume of complete vehicles was 6.8357 million units, a year-on-year increase of 5.39%, and the export value was US$4.537 billion, a year-on-year decrease of 0.11%. Motorcycle engine exports were 793,100 units, a year-on-year increase of 6.46%, and the export value was US$169 million, a year-on-year decrease of 2.86%. The export volume of ATVs was 303,200 units, a year-on-year decrease of 7.93%, and the export value was US$730 million, a year-on-year decrease of 8.97%. The export value of motorcycle parts was US$276 million, a year-on-year increase of 4.15%.
From January to October, the top 10 motorcycle exporting companies were: Loncin, Dachangjiang, Tayo, Zongshen, Yinxiang, Sundiro-Honda, Haojin, Lifan, Dayun, and Bashan. The above 10 companies exported a total of 4.50129 million units, accounting for 58.71% of total motorcycle exports.
Related Posts
CFMoto 675 NK : en quête de Triumph
TAILG PRESENTA IN ANTEPRIMA MONDIALE L’S96MAX, POTENZA E INNOVAZIONE IN UN ELETTRICO...
2024 EICMA: Witnessing the Rise of Chinese Motorcycle Brands and Their Ascent to the...
2024 EICMA: Chinese Electric Vehicle Brands Shine Globally, Leading the Future of Gre...