• time;2024-02-27 18:45:20

In January 2024, the sales volume of the internal combustion engine industry slightly decreased compared to the previous month, but increased year-on-year.

Due to factors such as holidays and policy changes in the same period last year, the sales volume of internal combustion engines in January decreased slightly compared to the previous month, but increased significantly year-on-year. Specifically, the sales volume of internal combustion engines in January was 3.928 million units, a month on month increase of -0.76% and a year-on-year increase of 45.66%.

In terms of terminals, the passenger car market continues to maintain a good momentum, commercial vehicles continue to recover, and sales in agricultural machinery, engineering and other markets still face a relatively severe situation.

Overall Sales Overview

In January, sales of internal combustion engines reached 3.928 million units, a month on month increase of -0.76% and a year-on-year increase of 45.66%. The power output reached 243.5776 million kilowatts, a month on month increase of -8.79% and a year-on-year increase of -47.20%.

Classification of fuel types

In January, within the fuel category, diesel engine sales increased month on month, with a year-on-year growth of over 50%; The sales of gasoline engines have slightly decreased month on month, with a year-on-year increase of over 40%. Specifically, compared to the previous month, diesel engines increased by 12.41% and gasoline engines increased by -2.35%; Compared with the same period last year, diesel engines increased by 51.93% year-on-year, and gasoline engines increased by 44.73% year-on-year.

In January, diesel internal combustion engines sold 474900 units (including 11800 units for passenger cars, 183000 units for commercial vehicles, 81000 units for construction machinery, 159300 units for agricultural machinery, 4900 units for ships, 33200 units for power generation, 700 units for landscaping, and 1200 units for general use), and gasoline internal combustion engines sold 3.4497 million units.

Market usage by market

In January, in the comparable caliber of the segmented market, all classified uses except for passenger cars and commercial vehicles increased month on month. Specifically, passenger car usage increased by -16.36%, commercial vehicle usage increased by -3.80%, construction machinery usage increased by 15.61%, agricultural machinery usage increased by 32.57%, marine machinery usage increased by 12.18%, generator set usage increased by 19.15%, garden machinery usage increased by 41.75%, motorcycle usage increased by 5.23%, and general machinery usage increased by 187.47%.

Compared with the same period last year, all classified uses have increased year-on-year. Specifically, passenger car usage increased by 42.87%, commercial vehicle usage increased by 67.38%, construction machinery usage increased by 40.73%, agricultural machinery usage increased by 62.34%, marine usage increased by 15.65%, generator usage increased by 18.45%, garden machinery usage increased by 19.65%, motorcycle usage increased by 46.69%, and general machinery usage increased by 103.65%.

In January, sales of passenger cars were 1.5465 million units, commercial vehicles were 225900 units, construction machinery was 87500 units, agricultural machinery was 504900 units, ships were 4900 units, generators were 126400 units, garden machinery was 155400 units, motorcycles were 1.251 million units, and general machinery was 25500 units.

Main varieties classified by single and multi cylinder usage

Single cylinder diesel engine

The sales volume of single cylinder diesel engines in January increased month on month, with a significant year-on-year growth rate. In January, sales of single cylinder diesel engines reached 91400 units, a month on month increase of 11.79% and a year-on-year increase of 43.97%. Changfa and Changchai have a relatively large proportion of sales. Among them, the sales volume of single cylinder diesel engines mainly used in the field of agricultural machinery in January was 81000 units, an increase of 12.88% month on month and 41.42% year-on-year.

multi-cylinder diesel engine

The commercial vehicle market experienced a month on month decline and year-on-year growth in January, with sales of multi cylinder diesel engines, which account for a large proportion of commercial vehicles, fluctuating synchronously.

In January, multi cylinder diesel engine companies sold a total of 383500 units, a month on month increase of 12.56% and a year-on-year increase of 53.96%. Weichai, Yuchai, Yunnei, Quanchai, Jiefang Power, Dongkang, Jiangling, Xinchai, Fukang, and Shangchai ranked among the top ten in sales, accounting for 79.57% of the total sales of multi cylinder diesel engines; Market share: Weichai 18.86%, Yuchai 10.34%, Yunnei 9.66%, Quanchai 8.67%, Jiefang Power 6.19%, Dongkang 6.02%, Jiangling 5.85%, Xinchai 5.77%, Fukang 4.41%, Shangchai 3.82%.

In January, sales of multi cylinder diesel engines for commercial vehicles reached 183000 units, a month on month increase of 1.18% and a year-on-year increase of 80.27%. The top ten in sales are Weichai, Yunnei, Jiangling, Fukang, Yuchai, Jiefang Power, Dongkang, Quanchai, Shangchai, and Oukang Power, with the top ten accounting for 93.94% of total sales; Weichai holds a leading market share of 19.70% in the commercial vehicle multi cylinder diesel engine market, followed by Yunnei 12.37%, Jiangling 12.26%, Fukang 9.23%, Yuchai 9.20%, Jiefang Power 8.52%, Dongkang 6.93%, Quanchai 5.96%, Shangchai 4.93%, and Oukang Power 4.85%.

In January, the sales volume of multi cylinder diesel engines for construction machinery was 79700 units, an increase of 15.71% month on month and 40.28% year-on-year. The top ten sellers are New Diesel, Weichai, Quanchai, Yunnei, Yuchai, Dongkang, Caterpillar, Jiefang Power, Guangkang, and Shangchai, accounting for 96.55% of their total sales.

Multi cylinder gasoline engine

The passenger car market saw a month on month decline in production and sales in January, but a year-on-year increase. As a result, the sales of multi cylinder gasoline engines in the main supporting passenger car market also showed a similar trend.

In January, sales of multi cylinder gasoline engines reached 1.5771 million units, a month on month increase of -16.47% and a year-on-year increase of 42.44%. Among 44 multi cylinder gasoline engine companies, Chery, Geely, FAW Volkswagen, Changan Automobile, BYD, Honeycomb Power, Dongfeng Co., Ltd., Guangfeng Engine, Brilliance BMW, and Shanghai Volkswagen rank among the top in terms of powertrain sales. Among the companies with high sales volume, Chery, Geely, and Dongfeng Co., Ltd. have achieved a year-on-year sales volume of over 100%.

The proportion of passenger cars used in multi cylinder gasoline engines was 97.31%, with sales of 1.5347 million units in January, a month on month increase of -16.34% and a year-on-year increase of 43.13%. Chery, Geely, FAW Volkswagen, Changan Automobile, BYD, Honeycomb Power, Dongfeng Co., Ltd., Guangfeng Engine, Brilliance BMW, and Shanghai Volkswagen rank among the top in terms of powertrain sales.

Small gasoline engine

The industry mainly engages in import and export trade, which is significantly affected by internal and external environmental factors. In comparable caliber, sales of small gasoline engines increased month on month and significantly year-on-year in January. In January, the sales of small gasoline engines reached 803800 units, a month on month increase of 25.76% and a year-on-year increase of 56.02%. The top five companies in terms of sales are Longxin, Runtong, Huasheng, Lifan Internal Combustion Engine, and Suzhou Shuangma.

In terms of supporting agricultural machinery, the sales volume in January was 345700 units, a month on month increase of 33.30% and a year-on-year increase of 74.77%.

In terms of supporting garden machinery, the sales volume in January was 154700 units, a month on month increase of 42.28% and a year-on-year increase of 19.26%.