• time;2024-09-14 11:26:59

In August 2024, the sales volume of the internal combustion engine industry increased slightly year-on-year, with negative growth compared to the previous month. The cumulative sales volume from January to August increased year-on-year, but slightly decreased compared to the growth rate from January to July.

With the update of equipment and increased support for the policy of exchanging old for new consumer goods, the demand for stock market exchange has been further released. However, due to the traditional off-season in August, the overall performance of the market is relatively flat, and the year-on-year and cumulative year-on-year growth rates of sales have slightly declined compared to the previous month. Specifically, the sales volume of internal combustion engines in August was 3.781 million units, a month on month increase of -0.76% and a year-on-year increase of 2.40%; The cumulative sales volume from January to August was 30.0944 million units, a year-on-year increase of 3.97%. (Decreased by 0.33 percentage points compared to the increase from January to July)

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 August, sales of internal combustion engines reached 3.781 million units, a month on month increase of -0.76% and a year-on-year increase of 2.40%; The power output reached 232.1078 million kilowatts, a month on month increase of 7.15% and a year-on-year increase of -7.95%.

The cumulative sales volume from January to August was 30.0944 million units, a year-on-year increase of 3.97%; The cumulative power has reached 1816.2403 million kilowatts, a year-on-year increase of -1.92%.

Classification of fuel types

In August, within the fuel category, diesel engine sales increased month on month, but both year-on-year and cumulative year-on-year decreased; The sales of gasoline engines have decreased month on month, but both year-on-year and cumulative year-on-year growth have been observed. Specifically, compared to the previous month, diesel engines increased by 2.91% and gasoline engines increased by -1.20%; Compared with the same period last year, diesel engines increased by -2.84% year-on-year, while gasoline engines increased by 2.97% year-on-year; Compared with the same period last year, diesel engines increased by -2.19% year-on-year, and gasoline engines increased by 4.75% year-on-year.

In August, diesel internal combustion engines sold 363500 units (including 12600 units for passenger cars, 144700 units for commercial vehicles, 58600 units for construction machinery, 104300 units for agricultural machinery, 5100 units for ships, 36900 units for power generation, 600 units for landscaping, and 600 units for general use), and gasoline internal combustion engines sold 3.4132 million units. From January to August, the sales volume of diesel engines was 3.3396 million units (including 108200 units for passenger cars, 1.3236 million units for commercial vehicles, 564100 units for construction machinery, 1.0341 million units for agricultural machinery, 38500 units for ships, 259200 units for power generation, 5000 units for landscaping, and 7000 units for general use), and the sales volume of gasoline internal combustion engines was 26.7243 million units.

Market usage by market

In August, in the comparable caliber of the segmented market, the usage of construction machinery, agricultural machinery, motorcycles, and general machinery decreased month on month, while other segmented uses increased month on month. Specifically, passenger car usage increased by 4.57%, commercial vehicle usage increased by 8.01%, construction machinery usage increased by -7.89%, agricultural machinery usage increased by -7.31%, marine usage increased by 22.40%, generator set usage increased by 4.89%, garden machinery usage increased by 20.18%, motorcycle usage increased by -6.60%, and general machinery usage increased by -42.81%.

Compared with the same period last year, the use of agricultural machinery, ships, gardens, and motorcycles increased year-on-year, while the use of other categories decreased year-on-year. Specifically, passenger car usage increased by -7.64%, commercial vehicle usage increased by -10.82%, construction machinery usage increased by -9.68%, agricultural machinery usage increased by 53.76%, marine usage increased by 49.84%, generator set usage increased by -0.92%, garden machinery usage increased by 11.23%, motorcycle usage increased by 8.04%, and general machinery usage increased by -18.48%.

Compared with the previous year, all other classified uses except for agricultural machinery, motorcycles, and general machinery showed negative growth. Specifically, passenger car usage increased by -1.33%, commercial vehicle usage increased by -5.29%, construction machinery usage increased by -5.51%, agricultural machinery usage increased by 23.54%, marine usage increased by -6.98%, generator set usage increased by -0.46%, garden machinery usage increased by -5.93%, motorcycle usage increased by 9.14%, and general machinery usage increased by 1.19%.

In August, sales of passenger cars reached 1.5607 million units, commercial vehicles reached 170200 units, construction machinery reached 63600 units, agricultural machinery reached 388000 units, ships reached 5100 units, generators reached 134400 units, garden machinery reached 119500 units, motorcycles reached 1.3297 million units, and general machinery reached 9600 units.

From January to August, the cumulative sales of passenger cars were 11.8975 million units, commercial vehicles were 1.6065 million units, construction machinery was 607400 units, agricultural machinery was 3.2321 million units, ships were 38500 units, generator sets were 1.0179 million units, garden machinery was 985100 units, motorcycles were 10.5903 million units, and machinery was 119200 units.

Main varieties classified by single and multi cylinder usage

Single cylinder diesel engine

The sales volume of single cylinder diesel engines in the August market decreased month on month, year-on-year, and cumulative year-on-year. In August, sales of single cylinder diesel engines reached 66600 units, a month on month increase of -7.27% and a year-on-year increase of -0.39%; The cumulative sales volume from January to August was 622600 units, a year-on-year increase of -6.78%. 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 August was 59300 units, a month on month increase of -6.56% and a year-on-year increase of -4.50%; The cumulative sales volume from January to August was 559800 units, a year-on-year increase of -5.62%.

multi-cylinder diesel engine

The commercial vehicle market saw a month on month growth in August, a year-on-year decline, and a cumulative year-on-year decline, resulting in a similar fluctuation in sales of multi cylinder diesel engines, which account for a large proportion of commercial vehicles.

In August, multi cylinder diesel engine companies sold a total of 296900 units, a month on month increase of 5.51% and a year-on-year increase of -3.37%; The cumulative sales volume from January to August was 2.7171 million units, a year-on-year increase of -1.08%. Weichai, Yuchai, Yunnei, Quanchai, Jiangling, Xinchai, Dongkang, Jiefang Power, Fukang, and Shanghai New Power ranked among the top ten in sales, accounting for 76.84% of the total sales of multi cylinder diesel engines; Market share: Weichai 18.84%, Yuchai 11.25%, Yunnei 8.73%, Quanchai 7.60%, Jiangling 7.56%, Xinchai 6.20%, Dongkang 4.90%, Jiefang Power 4.40%, Fukang 3.88%, Shanghai New Power 3.47%.

In August, the sales volume of multi cylinder diesel engines for commercial vehicles was 144700 units, a month on month increase of 10.73% and a year-on-year increase of -3.25%. The cumulative sales volume from January to August was 1.3236 million units, a year-on-year increase of 2.34%. The top ten sellers are Weichai, Jiangling, Yunnei, Yuchai, Fukang, Jiefang Power, Oukang Power, Jianghuai, Dongkang, and Quanchai, accounting for 89.92% of the total sales; Weichai holds a leading market share of 22.02%, Jiangling 15.53%, Yunnei 9.80%, Yuchai 8.65%, Fukang 7.97%, Jiefang Power 5.85%, Oukang 5.30%, Jianghuai 5.23%, Dongkang 5.06%, and Quanchai 4.50% in the commercial vehicle multi cylinder diesel engine market.

In August, the sales volume of multi cylinder diesel engines for construction machinery was 57500 units, a month on month increase of -7.85% and a year-on-year increase of -10.30%; The cumulative sales volume from January to August was 556700 units, a year-on-year increase of 4.27%. The top ten sellers are New Diesel, Quanchai, Weichai, Yunnei, Yuchai, Caterpillar, Dongkang, Guangkang, Jiefang Power, and Shanghai New Power, accounting for 96.75% of their total sales.

Multi cylinder gasoline engine

The passenger car market saw a month on month increase in production and sales in August, 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 August, the sales of multi cylinder gasoline engines reached 1.5722 million units, a month on month increase of 4.37% and a year-on-year increase of -8.32%; The cumulative sales volume from January to August was 12.06 million units, a year-on-year increase of -2.32%. Among 45 multi cylinder gasoline engine companies, Chery, BYD, Geely, FAW Volkswagen, Changan Automobile, Honeycomb Power, Beijing Benz, Guangfeng Engine, Shangtong Wuling, and Huachen BMW rank among the top in terms of sales, accounting for 63.16% of the total sales. Among the companies with high sales volume, Chery, BYD, and Geely Power have shown outstanding cumulative sales growth.

The proportion of passenger cars used in multi cylinder gasoline engines was 97.76%, with sales of 1.5481 million units in August, a month on month increase of 4.63% and a year-on-year increase of -7.58%; The cumulative sales volume from January to August was 11.7893 million units, a year-on-year increase of -1.27%. Chery, BYD, Geely, FAW Volkswagen, Changan Automobile, Honeycomb Power, Beijing Benz, Guangfeng Engine, Shangtong Wuling, and Brilliance BMW rank among the top sellers in terms of 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 in August decreased month on month, but increased year-on-year and cumulatively. In August, sales of small gasoline engines reached 721900 units, an increase of -0.49% month on month and 54.51% year-on-year; The cumulative sales volume from January to August was 5.5454 million units, a year-on-year increase of 27.22%. 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 August was 283600 units, a month on month increase of 9.89% and a year-on-year increase of 106.38%. Accumulated sales from January to August were 2.1981 million units, a year-on-year increase of 44.14%

In the field of supporting garden machinery, sales in August were 118900 units, a month on month increase of 20.06% and a year-on-year increase of 11.07%; The cumulative sales volume from January to August was 980000 units, a year-on-year increase of 5.86%.