• time;2024-11-19 11:04:14

In October 2024, the sales volume of the internal combustion engine industry decreased month on month and slightly increased year-on-year; The cumulative sales volume from January to October increased year-on-year, slightly expanding compared to the growth rate from January to September.

With the continuous manifestation of the cumulative effect of policies and the year-end sprint of enterprises, it is conducive to the sustained release of consumer demand, the continuous increase in market heat, and the overall performance is good. The year-on-year and cumulative year-on-year growth rates of sales have expanded compared to the previous month. Specifically, the sales volume of internal combustion engines in October was 4.1145 million units, a month on month increase of -1.67% and a year-on-year increase of 7.58%; The cumulative sales volume from January to October was 38.3926 million units, a year-on-year increase of 4.60%. (Increased by 0.35 percentage points compared to the increase from January to September).

In terms of terminals, the passenger car market continues to maintain a good momentum, while the performance of commercial vehicles is relatively weak. The sales situation of agricultural machinery, engineering and other markets is still relatively severe.

Overall Sales Overview

In October, sales of internal combustion engines reached 4.1145 million units, a month on month increase of -1.67% and a year-on-year increase of 7.58%; The power output reached 262.8021 million kilowatts, a month on month increase of 2.91% and a year-on-year increase of -4.93%.

The cumulative sales volume from January to October was 38.3926 million units, a year-on-year increase of 4.60%; The cumulative power has reached 2334.3549 million kilowatts, a year-on-year increase of -3.02%.

Classification of fuel types

In October, among the major categories of fuel, diesel engine sales decreased month on month, year-on-year, and cumulative year-on-year; 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 -4.45% and gasoline engines increased by -1.38%; Compared with the same period last year, diesel engines increased by -13.05% year-on-year, while gasoline engines increased by 10.32% year-on-year; Compared with the same period last year, diesel engines increased by 3.78% year-on-year, and gasoline engines increased by 5.69% year-on-year.

In October, diesel internal combustion engines sold 368700 units (including 12200 units for passenger cars, 146000 units for commercial vehicles, 65800 units for construction machinery, 103400 units for agricultural machinery, 4200 units for ships, 35500 units for power generation, 800 units for landscaping, and 700 units for general use), and gasoline internal combustion engines sold 3.7443 million units. From January to October, the sales of diesel engines were 4.0942 million units (including 132700 units for passenger cars, 1.6129 million units for commercial vehicles, 702400 units for construction machinery, 1.2502 million units for agricultural machinery, 47200 units for ships, 333100 units for power generation, 7100 units for landscaping, and 8600 units for general use), and the sales of gasoline internal combustion engines were 34.2649 million units.

Market usage by market

In October, in the comparable caliber of the segmented market, passenger car and general use increased month on month, while other classified uses decreased month on month. Specifically, passenger car usage increased by 5.04%, commercial vehicle usage increased by -1.67%, construction machinery usage increased by -8.67%, agricultural machinery usage increased by -3.27%, marine usage increased by -7.66%, generator usage increased by -20.39%, garden machinery usage increased by -4.51%, motorcycle usage increased by -7.35%, and general machinery usage increased by 25.16%.

Compared with the same period last year, the use of commercial vehicles and construction machinery decreased year-on-year, while the use of other categories increased year-on-year. Specifically, passenger car usage increased by 2.79%, commercial vehicle usage increased by 31.07%, construction machinery usage increased by -7.99%, agricultural machinery usage increased by 47.96%, marine usage increased by 37.11%, generator set usage increased by 31.89%, garden machinery usage increased by 16.57%, motorcycle usage increased by 11.02%, and general machinery usage increased by 73.20%.

Compared with the previous year, all other classified uses except for agricultural machinery, power generation, motorcycles, and general machinery showed negative growth. Specifically, passenger car usage increased by -1.18%, commercial vehicle usage increased by -10.36%, construction machinery usage increased by -5.11%, agricultural machinery usage increased by 28.77%, marine usage increased by -1.62%, generator usage increased by 6.29%, garden machinery usage increased by -3.08%, motorcycle usage increased by 9.62%, and general machinery usage increased by 10.96%.

In October, sales of passenger cars were 1.8828 million units, commercial vehicles were 173500 units, construction machinery was 70900 units, agricultural machinery was 437200 units, ships were 4200 units, generator sets were 117600 units, garden machinery was 106600 units, motorcycles were 1304700 units, and general machinery was 17000 units.

From January to October, a total of 15.573 million units were sold for passenger cars, 1.9563 million units for commercial vehicles, 755900 units for construction machinery, 4.1213 million units for agricultural machinery, 47200 units for ships, 1.2832 million units for generator sets, 1.2033 million units for landscaping machinery, 13.3026 million units for motorcycles, and 149800 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 October increased month on month and year-on-year, but accumulated year-on-year decline. In October, sales of single cylinder diesel engines reached 79500 units, a month on month increase of 4.55% and a year-on-year increase of 0.73%; The cumulative sales volume from January to October was 778200 units, a year-on-year increase of -4.70%. 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 October was 70000 units, an increase of 5.48% month on month and a year-on-year increase of -2.94%; The cumulative sales volume from January to October was 696100 units, a year-on-year increase of -4.51%.

multi-cylinder diesel engine

The commercial vehicle market saw a month on month growth in October, 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 October, multi cylinder diesel engine companies sold a total of 289100 units, a month on month increase of -6.67% and a year-on-year increase of -16.20%; The cumulative sales volume from January to October was 3.316 million units, a year-on-year increase of -3.57%. Weichai, Yuchai, Yunnei, Jiangling, Quanchai, Xinchai, Dongkang, Jiefang Power, Fukang, and Shanghai New Power ranked among the top ten in sales, accounting for 76.81% of the total sales of multi cylinder diesel engines; Market share: Weichai 18.70%, Yuchai 11.25%, Yunnei 8.58%, Jiangling 7.93%, Quanchai 7.51%, Xinchai 6.18%, Dongkang 4.86%, Jiefang Power 4.35%, Fukang 3.92%, Shanghai New Power 3.53%.

In October, the sales volume of multi cylinder diesel engines for commercial vehicles was 146000 units, a month on month increase of 1.90% and a year-on-year increase of -26.45%. The cumulative sales volume from January to October was 1.6129 million units, a year-on-year increase of -3.72%. The top ten sellers are Weichai, Jiangling, Yunnei, Yuchai, Fukang, Jiefang Power, Oukang Power, Jianghuai, Dongkang, and Quanchai, accounting for 89.79% of the total sales; Weichai holds a leading market share of 21.69% in the multi cylinder diesel engine market for commercial vehicles, followed by Jiangling Motors at 16.30% and Yunnei at 9.9% 37%, Yuchai 8.55%, Fukang 8.05%, Jiefang Power 5.76%, Oukang 5.33%, Jianghuai 5.28%, Dongkang 4.89%, and Quanchai 4.57%.

In October, the sales volume of multi cylinder diesel engines for construction machinery was 64200 units, a month on month increase of -9.74% and a year-on-year increase of -8.40%; The cumulative sales volume from January to October was 692100 units, a year-on-year increase of -4.25%. The top ten sellers are New Diesel, Quanchai, Weichai, Yunnei, Yuchai, Caterpillar, Dongkang, Guangkang, Jiefang Power, and Shanghai New Power, accounting for 96.63% of their total sales.

Multi cylinder gasoline engine

The production and sales of the passenger car market in October increased on a month on month, year-on-year, and cumulative year-on-year basis, but the magnitude was relatively small. As a result, the sales of multi cylinder gasoline engines in the main supporting passenger car market also showed a similar trend.

In October, the sales of multi cylinder gasoline engines reached 1.8992 million units, a month on month increase of 4.69% and a year-on-year increase of 1.80%; The cumulative sales volume from January to October was 15.773 million units, a year-on-year increase of -2.11%. Among 45 multi cylinder gasoline engine companies, BYD, Chery, Geely, FAW Volkswagen, Changan Automobile, Honeycomb Power, Guangfeng Engine, Beijing Benz, Xiaokang Power, and Dongfeng Co., Ltd. rank among the top in sales, accounting for 64.10% of the total sales. Among the companies with high sales volume, Chery, BYD, Geely Power, and Xiaokang Power have shown outstanding cumulative sales growth.

The proportion of passenger cars used in multi cylinder gasoline engines was 97.89%, with sales of 1.8707 million units in October, a month on month increase of 5.08% and a year-on-year increase of 3.00%; The cumulative sales volume from January to October was 15.4403 million units, a year-on-year increase of -1.09%. BYD, Chery, Geely, FAW Volkswagen, Changan Automobile, Honeycomb Power, Guangfeng Engine, Beijing Benz, Xiaokang Power, 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, the sales of small gasoline engines in October decreased month on month, but increased year-on-year and cumulative year-on-year. In October, the sales volume of small gasoline engines was 721200 units, an increase of -8.73% compared to the previous month and a year-on-year increase of 44.83%; The cumulative sales volume from January to October was 7.0568 million units, a year-on-year increase of 31.76%. 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 October was 333800 units, a month on month increase of -1.60% and a year-on-year increase of 77.79%. Accumulated sales from January to October were 2.8712 million units, a year-on-year increase of 52.09%

In the field of supporting garden machinery, the sales volume in October was 105800 units, a month on month increase of -4.19% and a year-on-year increase of 16.11%; The cumulative sales volume from January to October was 1.1962 million units, a year-on-year increase of -3.11%.