• time;2024-07-16 13:59:23

In June 2024, the sales volume of the internal combustion engine industry increased month on month, with a slight year-on-year growth. The cumulative sales volume in the first half of the year increased year-on-year, with a slight decline compared to the growth rate from January to May.

In June, with the continuous implementation of equipment updates and the policy of exchanging old for new consumer goods, various industries developed steadily. However, the current domestic terminal market growth is relatively slow, with high inventory pressure on enterprises and fierce industry competition, and overall operation still faces significant pressure. The performance of the internal combustion engine market in June was relatively stable, with a slight increase in sales year-on-year and cumulative year-on-year growth. Specifically, the sales volume of internal combustion engines in June was 3.931 million units, a month on month increase of 6.23% and a year-on-year increase of 1.74%; The cumulative sales volume in the first half of the year was 22.5329 million units, a year-on-year increase of 4.36%. (Decreased by 0.55 percentage points compared to the increase from January to May)

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

Overall Sales Overview

In June, sales of internal combustion engines reached 3.931 million units, an increase of 6.23% month on month and 1.74% year-on-year; The power output reached 229.6809 million kilowatts, a month on month increase of 4.07% and a year-on-year increase of -10.04%.

The cumulative sales volume in the first half of the year was 22.5329 million units, a year-on-year increase of 4.36%; The cumulative power has reached 1366.6137 million kilowatts, a year-on-year increase of 0.54%.

Classification of fuel types

In June, within the fuel category, diesel engine sales decreased month on month, increased year-on-year, and accumulated year-on-year decline; The sales of gasoline engines have increased month on month, year-on-year, and cumulative year-on-year. Specifically, compared to the previous month, diesel engines increased by -1.18% and gasoline engines increased by 7.14%; Compared with the same period last year, diesel engines increased by 2.12% year-on-year, and gasoline engines increased by 1.66% year-on-year; Compared with the same period last year, diesel engines increased by -2.08% year-on-year, and gasoline engines increased by 5.20% year-on-year.

In June, diesel internal combustion engines sold 401600 units (including 14900 units for passenger cars, 152300 units for commercial vehicles, 66400 units for construction machinery, 126900 units for agricultural machinery, 4800 units for ships, 35400 units for power generation, 500 units for landscaping, and 500 units for general use), and gasoline internal combustion engines sold 3.5251 million units. From January to June, the sales of diesel engines were 2.6229 million units (including 82700 units for passenger cars, 1.0483 million units for commercial vehicles, 441800 units for construction machinery, 825900 units for agricultural machinery, 29200 units for ships, 185300 units for power generation, 4000 units for landscaping, and 5800 units for general use), and the sales of gasoline internal combustion engines were 19.8858 million units.

Market usage by market

In June, in the comparable caliber of the segmented market, except for commercial vehicles and general-purpose vehicles, all other classified uses increased month on month. Specifically, passenger car usage increased by 6.64%, commercial vehicle usage increased by -7.29%, construction machinery usage increased by 0.75%, agricultural machinery usage increased by 17.15%, marine usage increased by 1.42%, generator set usage increased by 3.89%, garden machinery usage increased by 23.09%, motorcycle usage increased by 4.30%, and general machinery usage increased by -7.60%.

Compared with the same period last year, the usage of passenger cars, commercial vehicles, construction machinery, and general machinery decreased year-on-year, while the usage of other categories increased year-on-year. Specifically, passenger car usage increased by -9.54%, commercial vehicle usage increased by -16.44%, construction machinery usage increased by -2.30%, agricultural machinery usage increased by 50.55%, marine machinery usage increased by 10.64%, generator set usage increased by 23.19%, garden machinery usage increased by 6.73%, motorcycle usage increased by 7.27%, and general machinery usage increased by -26.19%.

Compared with the previous year, all other classified uses except for commercial vehicles, engineering, marine, power generation, and landscaping have shown positive growth. Specifically, passenger car usage increased by 1.07%, commercial vehicle usage increased by -2.77%, construction machinery usage increased by -6.50%, agricultural machinery usage increased by 16.97%, marine usage increased by -12.90%, generator usage increased by -1.56%, garden machinery usage increased by -9.04%, motorcycle usage increased by 9.07%, and general machinery usage increased by 2.24%.

In June, sales of passenger cars were 1.5395 million units, commercial vehicles were 188600 units, construction machinery was 72500 units, agricultural machinery was 416800 units, ships were 4800 units, generators were 137500 units, garden machinery was 132800 units, motorcycles were 1.4258 million units, and general machinery was 12700 units.

From January to June, a total of 8.8398 million units were sold for passenger cars, 1.2786 million units for commercial vehicles, 474700 units for construction machinery, 2.4256 million units for agricultural machinery, 29200 units for ships, 755400 units for generator sets, 766100 units for garden machinery, 7.8709 million units for motorcycles, and 92800 units for general use.

Main varieties classified by single and multi cylinder usage

Single cylinder diesel engine

The sales volume of single cylinder diesel engines in the June market increased month on month, year-on-year growth, and cumulative year-on-year decline. In June, sales of single cylinder diesel engines reached 90600 units, a month on month increase of 9.97% and a year-on-year increase of 19.23%; The cumulative sales volume from January to June was 484200 units, a year-on-year increase of -7.10%. The top five companies in the ranking are: Changchai, Changfa, Kemir, Sanhuan, and Sifang.

Among them, the sales volume of single cylinder diesel engines mainly used in the field of agricultural machinery in June was 80100 units, an increase of 6.77% month on month and 18.90% year-on-year; The cumulative sales volume from January to June was 437100 units, a year-on-year increase of -5.20%.

multi-cylinder diesel engine

The commercial vehicle market experienced a month on month decline in June, a year-on-year decrease, and a cumulative year-on-year growth, leading to a convergence and fluctuation in sales of multi cylinder diesel engines, which account for a large proportion of commercial vehicles.

In June, multi cylinder diesel engine companies sold a total of 311100 units, a month on month increase of -4.01% and a year-on-year increase of -1.97%; The cumulative sales volume from January to June was 2.1388 million units, a year-on-year increase of -0.87%. Weichai, Yuchai, Yunnei, Quanchai, Jiangling, Xinchai, Dongkang, Jiefang Power, Fukang, and Shanghai New Power ranked among the top ten in sales, accounting for 77.18% of the total sales of multi cylinder diesel engines; Market share proportions: Weichai 18.61%, Yuchai 11.46%, Yunnei 8.97%, Quanchai 7.76%, Jiangling 7.29%, Xinchai 6.26%, Dongkang 4.76%, Jiefang Power 4.69%, Fukang 3.91%, Shanghai New Power 3.46%.

In June, the sales volume of multi cylinder diesel engines for commercial vehicles was 152300 units, a month on month increase of -4.74% and a year-on-year increase of -7.67%. The cumulative sales volume from January to June was 1.0483 million units, a year-on-year increase of 4.26%. The top ten sellers are Weichai, Jiangling, Yunnei, Yuchai, Fukang, Jiefang Power, Jianghuai, Dongkang, Oukang Power, and Quanchai, accounting for 90.09% of the total sales; Weichai holds a leading market share of 22.03% in the commercial vehicle multi cylinder diesel engine market, followed by Jiangling 14.87%, Yunnei 10.16%, Yuchai 9.02%, Fukang 7.98%, Jiefang Power 6.43%, Jianghuai 5.15%, Dongkang 4.99%, Oukang 4.83%, and Quanchai 4.63%.

In June, sales of multi cylinder diesel engines for construction machinery reached 65100 units, a month on month increase of -2.73% and a year-on-year increase of -0.29%; The cumulative sales volume from January to June was 436800 units, a year-on-year increase of -5.12%. The top ten sellers are New Diesel, Quanchai, Weichai, Yunnei, Yuchai, Caterpillar, Dongkang, Guangkang, Jiefang Power, and Shanghai New Power, accounting for 96.87% of their total sales.

Multi cylinder gasoline engine

The passenger car market saw a month on month increase in production and sales in June, a year-on-year decrease, and a cumulative 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 June, the sales of multi cylinder gasoline engines reached 1.5593 million units, a month on month increase of 6.00% and a year-on-year increase of -10.70%; The cumulative sales volume from January to June was 8.9768 million units, a year-on-year increase of 0.07%. Among 45 multi cylinder gasoline engine companies, Chery, BYD, FAW Volkswagen, Geely, Changan Automobile, Honeycomb Power, Shangtong Wuling, Beijing Benz, Guangfeng Engine, and Dongfeng Co., Ltd. rank among the top in terms of sales, accounting for 62.58% of the total sales. Among the companies with high sales volume, Chery, BYD, Geely, and Honeycomb Power have shown outstanding cumulative sales growth.

The proportion of passenger cars used in multi cylinder gasoline engines was 97.55%, with sales of 1.5246 million units in June, a month on month increase of 6.68% and a year-on-year increase of -9.56%; The cumulative sales volume from January to June was 8.757 million units, a year-on-year increase of 1.16%. Chery, BYD, FAW Volkswagen, Geely, Changan Automobile, Honeycomb Power, Shangtong Wuling, Beijing Benz, Guangfeng Engine, and Dongfeng Limited are among the top sellers.

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, year-on-year and cumulative year-on-year growth in June. In June, the sales of small gasoline engines reached 760000 units, an increase of 21.12% month on month and 55.08% year-on-year; The cumulative sales volume from January to June was 4.0981 million units, a year-on-year increase of 20.56%. The top five companies in terms of sales are Runtong, Longxin, Huasheng, Lifan Internal Combustion Engine, and Suzhou Shuangma.

In terms of supporting agricultural machinery, the sales volume in June was 289800 units, a month on month increase of 26.04% and a year-on-year increase of 72.07%. Accumulated sales from January to June were 1.5996 million units, a year-on-year increase of 32.04%

In the field of supporting garden machinery, the sales volume in June was 132300 units, a month on month increase of 23.22% and a year-on-year increase of 7.24%; The cumulative sales volume from January to June was 762100 units, a year-on-year increase of -9.02%.