• time;2024-03-26 14:04:27

In February, the sales of natural gas heavy-duty trucks increased by 63.6%, and the market maintained a good growth momentum.

According to exclusive invoicing data obtained by Fangde.com, in February 2024, 9231 domestic natural gas heavy-duty trucks were sold, a year-on-year increase of 63.6% and a month on month decrease of 28.7%; In January and February, the cumulative sales of natural gas heavy-duty trucks in China reached 22000 units, a net increase of 14000 units compared to the same period last year, with a cumulative increase of 185.4% year-on-year. (Note: The sales volume of natural gas heavy-duty trucks mentioned in the article does not include export data.)

February: China National Heavy Duty Truck Group won the championship with strong momentum

In terms of monthly sales, in February, the five major brands of China National Heavy Duty Truck Group, Shaanxi Automobile Group, Jiefang, Dongfeng Commercial Vehicle, and Ouman successively dominated the top five in the domestic natural gas heavy-duty truck industry; The top three companies all sold over a thousand vehicles in the same month, showing particularly impressive performance; Heavy Duty Truck Group, Shaanxi Automobile Group, Liuzhou Automobile Group, Hongyan and others doubled and skyrocketed.

From the perspective of enterprise ranking, Heavy Duty Truck Group has won the title of industry sales champion this month with a high growth rate of three times. According to invoicing data, in February, the sales volume of heavy trucks for natural gas in China National Heavy Duty Truck Group Co., Ltd. reached 3035 units, 644 units higher than the second highest in the industry, doubling by 372% year-on-year; The market share is as high as 32.9%, with almost one-third of the market share held by one company. The industry ranking has risen by two places, winning the championship of the month and demonstrating strong market strength.

Following closely behind are Shaanxi Automobile and Liberation, ranking second and third respectively in the industry. According to invoicing data, in February, Shaanxi Automobile's natural gas sales were 2391 units, a year-on-year increase of 148.3%, with a market share of 25.9%, an increase of 8.8 percentage points from the same period last year, ranking second in the industry; Jiefang Natural Gas sold 1630 heavy-duty trucks, with a market share of 17.7%, ranking third in the industry.

In addition, the sales of natural gas heavy-duty trucks by Liuqi and Hongyan doubled and skyrocketed in February, and their market shares both increased. According to invoicing data, in February, Liuqi sold 354 natural gas heavy-duty trucks, a year-on-year increase of 622.4%, with a market share of 3.8%, an increase of 3 percentage points from the same period last year, ranking sixth in the industry; The sales volume of Hongyan natural gas heavy-duty trucks reached 55 units, a year-on-year increase of 1275%, with a market share of 0.6%, an increase of 0.5 percentage points compared to the same period last year, ranking eighth in the industry.

From the perspective of market concentration, the combined share of the top five companies in February has all increased, indicating a further strengthening of market concentration. The top 5 companies sold a total of 8625 vehicles, with a combined share of 93.4%, an increase of 1.9 percentage points compared to the same period last year; The combined share of the top three companies reached 76.4%, an increase of 2.7 percentage points compared to the same period last year. This data reflects the increasingly fierce competition in the natural gas heavy-duty truck market, with the Matthew effect becoming more pronounced as the strong become stronger.

In the first two months, Liberation remained at the top of the list

In terms of cumulative sales, in the first two months, the top five brands in the domestic natural gas heavy-duty truck industry were Jiefang, Heavy Duty Truck, Shaanxi Automobile, Dongfeng Commercial Vehicle, and Ouman; The top three companies have accumulated sales of over 3000 vehicles each; The top 5 companies have all doubled and skyrocketed, with Heavy Duty Truck Group experiencing the highest increase.

In the fierce competition, Jiefang brand successfully won the championship with excellent product performance and market strategy. According to the invoicing data, the cumulative sales volume of Jiefang Natural Gas heavy-duty trucks in January and February was 9356 units, a year-on-year increase of 180.3%; The market share is as high as 42.2%, which is 20.9 percentage points higher than the second largest market share in the industry. This huge advantage makes its championship position appear stable and difficult to shake.

At the same time, China National Heavy Duty Truck Group and Shaanxi Automobile Group have also shown impressive performance in the natural gas heavy-duty truck market, ranking second and third respectively. According to the invoicing data, from January to February, the cumulative sales volume of heavy trucks of China National Heavy Duty Truck Group (CNHTC) and natural gas reached 4710 units, a year-on-year increase of 449.6%, ranking first among the top five in terms of growth rate. Its market share was 21.2%, an increase of 10.2 percentage points compared to the same period last year, and it ranked second in the industry; Shaanxi Automobile's natural gas heavy-duty truck sales totaled 3599 units, a year-on-year increase of 132.5%, with a market share of 16.2%, ranking third in the industry.

In addition, the market performance of Liuqi natural gas heavy-duty trucks in the first two months has also been outstanding, with a significant increase in market share. According to invoicing data, from January to February, the cumulative sales volume of Liuzhou Automobile's natural gas heavy-duty trucks reached 1137 units, a year-on-year increase of 1436.5%, with a market share of 5.1%, an increase of 4.2 percentage points compared to the same period last year, ranking sixth in the industry.

From the perspective of market concentration, in January and February, the combined share of the top 5 and top 3 increased, indicating a continued strengthening of market concentration. According to invoicing data, in the first two months, the cumulative sales volume of the top five companies was 21000 vehicles, with a total share of 92.9%, an increase of 1.7 percentage points from the same period last year. With the help of five companies, they have eroded 90% of the market share, indicating a high degree of market concentration. Among them, the total share of the top three enterprises reached 79.6%, an increase of 5.7 percentage points from the same period last year, indicating that the competitive advantage of top enterprises is becoming increasingly evident.

Overall, the domestic natural gas heavy-duty truck market maintained a good growth trend in February, and competition among major brands became increasingly fierce. With the arrival of March, natural gas heavy-duty trucks dominated by tractors have entered their traditional peak sales season. At the same time, the steady decline in natural gas prices (March gas prices were below 4300 yuan/ton, a decrease of more than 40% compared to the end of last year) has injected new vitality into the market. Under the combined effect of these positive factors, the natural gas heavy-duty truck market is expected to maintain its strong growth trend.