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Large bus sales rebound with growth rate of 33 percent in January 2019

China sold 32,900 buses (including chassis) in January, down 49 percent from last December and 7 percent from January 2018, according to statistics released by China Association of Automobile Manufactures (CAAM). Of the total, large bus sales reached 6,162 units, a year-on-year increase of 33 percent.

For sales of large buses in January in the past few years, the highest volume was achieved in 2016. In January that year, a total of 7,632 large buses were sold, up 34 percent from the same period of the previous year. However in January 2017, sales dived down by 54 percent to 3,220 units, lower than half of the January 2016 level. Starting in 2018, large bus market saw sales rise in the first month for two consecutive years with year-on-year growth rate of 44 and 33 percent respectively. But the sales volume in January 2019 was still less by over 1,000 units compared to the highest volume of 7,632 units in January 2016.

For the top 10 large bus manufacturers by sales in January, Foton, BYD and Asiastar achieved sales growth of over 200 percent from the previous year. Although No. 1 Yutong saw sales rise by only 0.4 percent year-on-year, its market share of 33.87 percent in January put others far behind. Xiamen Golden Dragon had the worst performance among the top 10 in January with sales down by 57 percent on a yearly basis. Xiamen King Long and Ankai also experienced sales drop by 19 and 38 percent from the same month in 2018. 

For the market share in January, the top 10 manufacturers occupied 97.05 percent with the first five taking 76.17 percent by selling 4,694 large buses in the month. It is worth mentioning that Nanjing King Long, which was a stranger to the top 10 list before, suddenly joined the group by selling 634 large buses in January, ranking fourth among the top 10 with a market share of 10.29 percent.

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