Summarize：According to the statistics of China Association of Automobile Manufacturers (CAAM), China sold 52,600 units buses and coaches (including bus chassis) in December, up by 43.7% month on month and down by 2% year on year. Showing clear signs of recovery, the bus sales in December was the highest among all monthly sales in 2022.
More specifically, China sold 9,741 units large-sized buses in December, up by 61% month on month, up by 17% year on year. In the same month, China sold 6,422 units medium-sized buses, up by 34% month on month and down by 4% year on year. China sold 36,500 units light buses, up by 39% month on month and down by 6% year on year. The percentages of buses with different power drivelines in December are shown in Table 1 below.
Table 1
| |
Large-sized buses |
Medium-sized buses |
Light buses |
| Diesel (%) |
45.0 |
41.0 |
48.0 |
| Gasoline (%) |
1.7 |
10.0 |
38.0 |
| New energy (%) |
53.2 |
49.0 |
14.0 |
| Other |
0.1 |
0.0 |
0.0 |
In 2022, China sold 407,800 units buses, down by 19% year on year (bus sales reached 504,900 units in 2021, 430,100 units in 2020, 444,000 units in 2019, 485,000 units in 2018). More specifically, the sales volume of large-sized buses reached 51,500 units, up by 7% year on year; the sales volume of medium-sized buses stood at 36,800 units, down by 19% year on year; the sales volume of light buses registered at 319,600 units, down by 22% year on year. The percentages of bus with different power drivelines in 2022 are shown in Table 2 below.
Table 2
| |
Large-sized buses |
Medium-sized buses |
Light buses |
| Diesel (%) |
45.2 |
41.8 |
49.9 |
| Gasoline (%) |
2.0 |
10.0 |
40.0 |
| New energy (%) |
52.4 |
48.0 |
10.0 |
| Other |
0.4 |
0.2 |
0.1 |
The top five destinations of large-sized buses in 2022 are shown below in Table 3.
Table 3
| |
Destinations |
Market Share in 2022 (%) |
Up/Down (%) |
| 1 |
Jiangsu |
8.7 |
0.10 |
| 2 |
Guangdong |
8.3 |
-0.10 |
| 3 |
Shandong |
8.0 |
0.10 |
| 4 |
Henan |
7.5 |
-0.10 |
| 5 |
Hunan |
6.7 |
0.10 |
| |
Total Percentage of Top 5 |
39.2 |
0.10 |
The top five destinations of medium-sized buses in 2022 are shown below in Table 4.
Table 4
| |
Destinations |
Market Share in 2022 (%) |
Up/Down (%) |
| 1 |
Henan |
7.9 |
0.10 |
| 2 |
Guangdong |
7.8 |
-0.10 |
| 3 |
Jiangsu |
7.7 |
0.10 |
| 4 |
Shandong |
7.5 |
0.10 |
| 5 |
Hunan |
7.0 |
0.20 |
| |
Total Percentage of Top 5 |
37.9 |
0.40 |
The top five destinations of light buses in 2022 are shown below in Table 5.
Table 5
| |
Destinations |
Market Share in 2022 (%) |
Up/Down (%) |
| 1 |
Guangdong |
9.6 |
-0.10 |
| 2 |
Jiangsu |
8.2 |
0.10 |
| 3 |
Shandong |
7.7 |
0.10 |
| 4 |
Sichuan |
7.0 |
0.20 |
| 5 |
Zhejiang |
6.9 |
-0.10 |
| |
Total Percentage of Top 5 |
39.4 |
0.20 |
