Market forecasts on China basic passenger vehicle and bus industries

ReportsnReports offers China Bus Industry Report, 2014-2017, and China Basic Passenger Vehicle Industry Report, 2014-2017, market research studies in its store.

Market forecasts on China basic passenger vehicle and bus industries

ReportsnReports offers China Bus Industry Report, 2014-2017, and China Basic Passenger Vehicle Industry Report, 2014-2017, market research studies in its store.

China Bus Industry Report, 2014-2017, market research forecasts the total sales volume of buses in China will exceed 690,000 units by 2017. In these upcoming several years, the sales volume of buses in China will present an AAGR of 9% or so.

China Basic Passenger Vehicle Industry Report, 2014-2017, market research forecasts the production of basic passenger vehicles in China will amount to 17.01 million units by 2017. This research involves 6 chapters and 79 charts, including the overview of China’s overall automobile industry, the production and sales and competition pattern of basic passenger vehicles, and major vehicle models sold in market segments. Additionally, the report also introduced the profile and overall production and sales of basic passenger vehicle manufacturers, as well as production and sales, production bases and future development planning of basic passenger vehicles.

China Bus Industry Report, 2014 – involving 6 chapters and 129 charts lists companies like Yutong Bus, Kinglong Motor Group, Zhongtong Bus, Foton, Anhui Ankai Automobile, SG Automotive Group, Asiastar, BYD, Sinotruk, Brilliance Jinbei Automobile, JMC, Dongfeng Motor Corporation, JAC, Jinhua Youngman Automobile-Manufacturing Co., Ltd. and Shanghai Sunwin Bus Corporation. In 2013, light bus market outperformed most other bus markets and the sales volume maintained a fairly rapid growth rate, with the sales volume for 2013 hitting 329,315 units, up 17.5% from 2012. Between 2008 and 2013, the sales volume of light buses showed a CAGR of 17.7%, better than overall bus market performance over the same period. In terms of competition pattern of light bus market, Brilliance Jinbei Automobile ranked first in sales volume, with 2013’s sales volume reaching 103,800 units, up 11.9% from a year ago and accounting for 31.5% of the national total sales of light buses,38,500 units more than that of JMC as the second, which brought an obvious market advantage.

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China Basic Passenger Vehicle Industry Report, 2014-2017, lists companies like Shanghai Volkswagen, FAW-Volkswagen, Beijing Hyundai Motor Co., Ltd., Dongfeng Nissan Passenger Vehicle Company, Shanghai General Motors Co., Ltd., Dongfeng Peugeot Citroen Automobile Company Ltd., Changan Ford Automobile Co., Ltd., Shanghai GM Dongyue Motors Limited, Dongfeng Yueda Kia Motor Co., Ltd., Guangzhou Honda Automobile Co., Ltd., FAW TOYOTA Motor Sales Co., Ltd., Chongqing Changan Automobile Co., Ltd., Zhejiang Geely Holding Group and BYD Auto Co., Ltd. In 2013, the production of basic passenger vehicles in China was 12.1008 million units, up 12.36% from a year earlier. During the period from January to April 2014, the production and sales volume of basic passenger vehicles (cars) totaled 4.1042 million units and 4.1464 million units respectively, a year-on-year increase of 3.76% and 4.88% separately. In 2013, the top 5 auto makers were FAW-Volkswagen, Shanghai Volkswagen, Dongfeng Nissan Passenger Vehicle Company, Beijing Hyundai Motor Co., Ltd. and Shanghai General Motors Co., Ltd., of which Volkswagen Group occupied 22.35% of the overall market share.

In terms of the levels of basic passenger vehicles, influenced by the adjusted vehicle purchase tax on passenger cars with 1.6L or lower displacement as well as the subsidies for energy-saving vehicles, A-class vehicle has seen a rising market share from 2009 on, from 50% in 2008 to 60%. It is projected that A-class vehicles will continue to take the lead in market share by 2014. However, in the overall passenger vehicle market, the Chinese consumers prefer mid-sized and large vehicles. Therefore, basic passenger vehicles would be squeezed by SUV market.

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