• time;2024-01-18 21:08:57

In December 2023, the sales volume of the internal combustion engine industry slightly decreased compared to the previous month, but increased year-on-year. The annual sales volume increased slightly compared to the previous year.

The effects of various national promotion fees and stable growth policies continue to show, coupled with the year-end impulse promotion of enterprises, market demand and sales continue to improve. The sales volume of internal combustion engines in December slightly decreased month on month and increased year-on-year, and the annual sales volume slightly increased compared to the previous year. Specifically, the sales volume of internal combustion engines in December was 3.9581 million units, a month on month increase of -3.00% and a year-on-year increase of 13.77%; The sales volume for the fiscal year 2023 was 44.7376 million units, a year-on-year increase of 2.85% (an increase of 0.95 percentage points from January to November).

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 December, sales of internal combustion engines reached 3.9581 million units, a month on month increase of -3.00% and a year-on-year increase of 13.77%. The power output reached 267.0632 million kilowatts, a month on month increase of -7.21% and a year-on-year increase of 22.69%.

In 2023, the sales volume was 44.7376 million units, a year-on-year increase of 2.85%; The power output reached 29618.86 million kilowatts, a year-on-year increase of 6.93%.

Classification of fuel types

In December, within the fuel category, sales of diesel and gasoline engines both decreased month on month and increased year-on-year, with a slight expansion in annual sales growth. Specifically, compared to the previous month, diesel engines increased by 3.78% and gasoline engines increased by -2.88%; Compared with the same period last year, diesel engines increased by 22.70% year-on-year, and gasoline engines increased by 12.73% year-on-year; In the fiscal year of 2023, sales of diesel engines increased by 10.54% year-on-year, while gasoline engines increased by 1.88% year-on-year.

In December, diesel internal combustion engines sold 422500 units (including 14400 units for passenger cars, 180800 units for commercial vehicles, 70400 units for construction machinery, 121600 units for agricultural machinery, 4400 units for ships, 28500 units for power generation, and 1600 units for general use), and gasoline internal combustion engines sold 3.6374 million units. In the year 2023, the sales volume of diesel internal combustion engines was 5.1165 million units (including 178700 units for passenger cars, 2.0485 million units for commercial vehicles, 893200 units for construction machinery, 1.5563 million units for agricultural machinery, 56500 units for ships, 351700 units for power generation, and 23000 units for general use), and the sales volume of gasoline internal combustion engines was 39.5847 million units.

Market usage by market

In December, in the comparable caliber of the segmented market, except for marine machinery and power generation, all segmented uses decreased month on month. Specifically, passenger car usage increased by -3.50%, commercial vehicle usage increased by -6.44%, construction machinery usage increased by -7.30%, agricultural machinery usage increased by -0.91%, marine usage increased by 6.45%, generator set usage increased by 18.32%, garden machinery usage increased by -6.69%, motorcycle usage increased by -2.37%, and general machinery usage increased by -51.85%.

Compared with the same period last year, passenger cars, commercial vehicles, engineering vehicles, and agricultural machinery increased year-on-year, while other uses decreased year-on-year. Specifically, passenger car usage increased by 26.68%, commercial vehicle usage increased by 29.80%, construction machinery usage increased by 9.19%, agricultural machinery usage increased by 36.16%, marine usage increased by -9.28%, generator usage increased by -9.58%, garden machinery usage increased by -4.26%, motorcycle usage increased by -2.82%, and general machinery usage increased by -70.19%.

Compared with the previous year, all other classified uses except for agricultural machinery, landscaping, and general machinery have shown positive growth. Specifically, passenger car usage increased by 6.17%, commercial vehicle usage increased by 21.89%, construction machinery usage increased by 1.54%, agricultural machinery usage increased by -8.61%, marine usage increased by 1.47%, generator set usage increased by 11.25%, garden machinery usage increased by -11.29%, motorcycle usage increased by 0.79%, and general machinery usage increased by -34.31%.

In December, sales of passenger cars reached 1.849 million units, commercial vehicles reached 234900 units, construction machinery reached 75700 units, agricultural machinery reached 380900 units, ships reached 4400 units, generator sets reached 106100 units, garden machinery reached 109600 units, motorcycles reached 1.1888 million units, and general machinery reached 8900 units.

In the fiscal year 2023, sales of passenger cars reached 19.5236 million units, commercial vehicles reached 2.6682 million units, construction machinery reached 95.4 million units, agricultural machinery reached 3.9658 million units, ships reached 5.65 million units, generator sets reached 1.4029 million units, garden machinery reached 1.4686 million units, motorcycles reached 14.535 million units, and general machinery reached 162300 units.

Main varieties classified by single and multi cylinder usage

Single cylinder diesel engine

The sales volume of single cylinder diesel engines in the December market decreased month on month but increased year-on-year, with a slight increase in annual sales compared to the previous year. In December, sales of single cylinder diesel engines reached 81800 units, a month on month increase of -2.99% and a year-on-year increase of 2.95%; The annual sales volume was 982600 units, a year-on-year increase of 9.07%. The top five companies in the ranking are: Changchai, Changfa, Sifang, Sanhuan, and Laidong. Among them, the sales volume of single cylinder diesel engines mainly used in the field of agricultural machinery in December was 71800 units, a month on month increase of -5.21% and a year-on-year increase of 15.37%; The annual sales volume was 876400 units, a year-on-year increase of 20.61%.

multi-cylinder diesel engine

The commercial vehicle market experienced a month on month decline in December, a year-on-year increase, and a growth trend in sales throughout the year, resulting in synchronous fluctuations in sales of multi cylinder diesel engines, which account for a large proportion of commercial vehicles.

In December, multi cylinder diesel engine companies sold a total of 340700 units, a month on month increase of 3.97% and a year-on-year increase of 28.63%; The annual sales volume was 4.1339 million units, a year-on-year increase of 10.89%. Weichai, Yuchai, Quanchai, Yunnei, Jiangling, Xinchai, Jiefang Power, Fukang, Dongkang, and Shangchai ranked among the top ten in sales, accounting for 77.74% of the total sales of multi cylinder diesel engines; Market share: Weichai 17.43%, Yuchai 9.75%, Quanchai 9.05%, Yunnei 9.03%, Jiangling 7.51%, Xinchai 5.96%, Jiefang Power 5.36%, Fukang 4.77%, Dongkang 4.63%, Shangchai 4.25%.

In December, the sales volume of multi cylinder diesel engines for commercial vehicles was 180800 units, a month on month increase of -6.02% and a year-on-year increase of 40.22%. The annual sales volume was 2.0485 million units, a year-on-year increase of 22.66%. The top ten sellers are Weichai, Jiangling, Fukang, Yunnei, Yuchai, Jiefang Power, Shangchai, Quanchai, Dongkang, and Jianghuai, accounting for 88.76% of the total sales; Weichai holds a leading market share of 20.99%, Jiangling 15.16%, Fukang 9.64%, Yunnei 8.09%, Yuchai 7.10%, Jiefang Power 6.27%, Shangchai 5.99%, Quanchai 5.85%, Dongkang 5.24%, and Jianghuai 4.45% in the commercial vehicle multi cylinder diesel engine market.

In December, the sales volume of multi cylinder diesel engines for construction machinery was 68900 units, a month on month increase of -8.25% and a year-on-year increase of 15.51%; The annual sales volume was 866700 units, a year-on-year increase of 4.04%. The top ten sellers are Xinchai, Quanchai, Yunnei, Weichai, Yuchai, Caterpillar, Dongkang, Jiefang Power, Guangkang, and Huafeng, accounting for 96.40% of their total sales.

Multi cylinder gasoline engine

The passenger car market saw an increase in production and sales in December compared to the previous month, a year-on-year increase, and a year-on-year increase in annual sales. As a result, the sales of multi cylinder gasoline engines in the main supporting passenger car market also showed a similar trend.

In December, the sales of multi cylinder gasoline engines reached 1.8882 million units, a month on month increase of -3.53% and a year-on-year increase of 25.71%; The annual sales volume was 19.9583 million units, a year-on-year increase of 6.55%. Among 46 multi cylinder gasoline engine companies, FAW Volkswagen, Chery, Changan Automobile, Geely, BYD, Honeycomb Power, Shangtong Wuling, Guangfeng Engine, Shanghai Volkswagen Powertrain, and Dongfeng Co., Ltd. rank among the top in sales. Among the companies with high sales volume, Chery, Changan Automobile, Geely, BYD, and Honeycomb Power have shown outstanding annual sales growth.

The proportion of passenger cars used in multi cylinder gasoline engines was 96.92%, with sales of 1.8346 million units in December, a month on month increase of -3.46% and a year-on-year increase of 26.60%; The annual sales volume was 19.3449 million units, a year-on-year increase of 6.29%. FAW Volkswagen, Chery, Changan Automobile, Geely, BYD, Honeycomb Power, Shangtong Wuling, Guangfeng Engine, Shanghai Volkswagen Powertrain, 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 December increased slightly month on month and year-on-year, while the annual sales decreased year-on-year. In December, the sales of small gasoline engines reached 639200 units, an increase of 2.66% month on month and 13.04% year-on-year; The annual sales volume was 6.6177 million units, a year-on-year increase of -10.85%. The top five companies in terms of sales are Runtong, Longxin, Huasheng, Lifan Internal Combustion Engine, and Suzhou Shuangma.

In the supporting agricultural machinery, the sales volume in December was 259300 units, a month on month increase of -1.13% and a year-on-year increase of 43.76%. Annual sales of 2.4095 million units, a year-on-year increase of -17.46%

In the field of supporting garden machinery, sales in December were 108700 units, a month on month increase of 6.71% and a year-on-year increase of -4.14%; The annual sales volume was 1.4599 million units, a year-on-year increase of -11.27%.