According to the statistics of China Association of Automobile Manufacturers, in 2010, the production and sales of vehicle diesel engines in China reached 3.936 million sets and 3.99 million sets, respectively, and both production and sales volume broke the historical record.
Among the 25 diesel engine companies with high concentration of diesel engine industry statistics in the China Association of Automobile Manufacturers, there are 10 companies with an average monthly sales volume of more than 10,000 units. They are Guangxi Yuchai Machinery Group Co., Ltd. (abbreviated as Yuchai) and the first in China. Automobile Group Corporation (FAW), Weichai Holding Group Co., Ltd. (WC), Anhui Quanchai Group Co., Ltd. (abbreviated as Quanchai), Kunming Yunnei Power Co., Ltd. (herein referred to as Yunnei), Dongfeng Motor Co., Ltd. (referred to as Dongfeng), Dongfeng Chaoyang Diesel Engine Co., Ltd. (abbreviated as Chaochai), Jiangxi Jiangling Motors Holdings Co., Ltd. (abbreviated as Jiangling), China Heavy Duty Truck Group Co., Ltd. (SHG) and Shandong Laidong Engine Co., Ltd. (abbreviated as Lai Dong).
From the production and sales data, we can see that the concentration of the diesel engine industry in China is relatively high. The top ten companies in production and sales volume sold 3.43 million diesel engines in 2010, accounting for 85.92% of the industry. The top five companies sold a total of 2.43 million diesel engines throughout the year, accounting for 60.87% of the industry. Among them, Yuchai, FAW, and Weichai were among the top three with annual sales of 755,000 units, 535,000 units, and 447,000 units respectively, accounting for 43.49% of the market.
Sales increase by 30.36%
According to the statistics of China Association of Automobile Manufacturers, compared with the sales volume of 3.06 million units in 2009, the sales volume of diesel engine companies in 2010 increased by 30.36%. Among them, Weichai, Laiwu, and Dongfeng have experienced rapid growth. The growth rates of these three companies have reached 86.52%, 80.83%, and 76.76%, respectively, which is much higher than the industry growth rate. It is worth noting that in December 2010, Weichai sold 52,327 diesel engines in a single month, an increase of 264.01% year-on-year, which is rare in the industry. Some securities analysts believe that the high growth of industry consolidation and heavy truck industry has caused high growth of Weichai, and the company will enter a period of steady growth in the future.
In 2010, heavy truck sales were booming, breaking through one million vehicles for the first time to reach 1.017 million units, which represented an increase of 59.93% year-on-year. It is expected to maintain sales growth of around 10% in 2011. Industry experts believe that this is mainly due to the improvement of the macro economy, the gradual recovery of investment and logistics demand, and correspondingly, the diesel engine companies will also perform well.
The sales throughout the year have changed steadily in the trend of changes in the sales volume of various companies. In 2010, diesel engine companies exhibited a common feature: the sales volume was relatively stable throughout the year, but there was a steady change. Although the sales figures for the whole year are relatively good, the sales of the top ten companies in the year are not the same throughout the year. Some companies, such as Yunzhong, have performed smoothly throughout the year; some companies, such as Yuchai’s sales at the beginning of the year, have sharply decreased sales at the end of the year. The highest monthly sales of 99,458 units, the lowest monthly sales of 44,171 units; there are also companies, such as heavy truck sales throughout the year showing high after the low trend. The reason for this is that there is a great relationship between the sales of diesel engines of various companies and their self-distribution and sales of commercial vehicles.
According to the analysis of experts, the sales of Weichai, Yuchai, and Chaochao, etc. in the first three months of 2010 are mainly due to the fact that these companies have taken the lead in the domestic truck and bus engines. The high and low front of China National Heavy Truck is mainly affected by the decline in the sales of construction vehicles. “With the introduction of a series of regulatory measures to stabilize house prices, investment in fixed assets will be affected. The heavy truck industry closely related to FAI (high fixed asset investment), especially the demand for construction vehicles, will decline, leading to related diesel engines. The company’s sales have fallen,†said the expert.
Among the 25 diesel engine companies with high concentration of diesel engine industry statistics in the China Association of Automobile Manufacturers, there are 10 companies with an average monthly sales volume of more than 10,000 units. They are Guangxi Yuchai Machinery Group Co., Ltd. (abbreviated as Yuchai) and the first in China. Automobile Group Corporation (FAW), Weichai Holding Group Co., Ltd. (WC), Anhui Quanchai Group Co., Ltd. (abbreviated as Quanchai), Kunming Yunnei Power Co., Ltd. (herein referred to as Yunnei), Dongfeng Motor Co., Ltd. (referred to as Dongfeng), Dongfeng Chaoyang Diesel Engine Co., Ltd. (abbreviated as Chaochai), Jiangxi Jiangling Motors Holdings Co., Ltd. (abbreviated as Jiangling), China Heavy Duty Truck Group Co., Ltd. (SHG) and Shandong Laidong Engine Co., Ltd. (abbreviated as Lai Dong).
From the production and sales data, we can see that the concentration of the diesel engine industry in China is relatively high. The top ten companies in production and sales volume sold 3.43 million diesel engines in 2010, accounting for 85.92% of the industry. The top five companies sold a total of 2.43 million diesel engines throughout the year, accounting for 60.87% of the industry. Among them, Yuchai, FAW, and Weichai were among the top three with annual sales of 755,000 units, 535,000 units, and 447,000 units respectively, accounting for 43.49% of the market.
Sales increase by 30.36%
According to the statistics of China Association of Automobile Manufacturers, compared with the sales volume of 3.06 million units in 2009, the sales volume of diesel engine companies in 2010 increased by 30.36%. Among them, Weichai, Laiwu, and Dongfeng have experienced rapid growth. The growth rates of these three companies have reached 86.52%, 80.83%, and 76.76%, respectively, which is much higher than the industry growth rate. It is worth noting that in December 2010, Weichai sold 52,327 diesel engines in a single month, an increase of 264.01% year-on-year, which is rare in the industry. Some securities analysts believe that the high growth of industry consolidation and heavy truck industry has caused high growth of Weichai, and the company will enter a period of steady growth in the future.
In 2010, heavy truck sales were booming, breaking through one million vehicles for the first time to reach 1.017 million units, which represented an increase of 59.93% year-on-year. It is expected to maintain sales growth of around 10% in 2011. Industry experts believe that this is mainly due to the improvement of the macro economy, the gradual recovery of investment and logistics demand, and correspondingly, the diesel engine companies will also perform well.
The sales throughout the year have changed steadily in the trend of changes in the sales volume of various companies. In 2010, diesel engine companies exhibited a common feature: the sales volume was relatively stable throughout the year, but there was a steady change. Although the sales figures for the whole year are relatively good, the sales of the top ten companies in the year are not the same throughout the year. Some companies, such as Yunzhong, have performed smoothly throughout the year; some companies, such as Yuchai’s sales at the beginning of the year, have sharply decreased sales at the end of the year. The highest monthly sales of 99,458 units, the lowest monthly sales of 44,171 units; there are also companies, such as heavy truck sales throughout the year showing high after the low trend. The reason for this is that there is a great relationship between the sales of diesel engines of various companies and their self-distribution and sales of commercial vehicles.
According to the analysis of experts, the sales of Weichai, Yuchai, and Chaochao, etc. in the first three months of 2010 are mainly due to the fact that these companies have taken the lead in the domestic truck and bus engines. The high and low front of China National Heavy Truck is mainly affected by the decline in the sales of construction vehicles. “With the introduction of a series of regulatory measures to stabilize house prices, investment in fixed assets will be affected. The heavy truck industry closely related to FAI (high fixed asset investment), especially the demand for construction vehicles, will decline, leading to related diesel engines. The company’s sales have fallen,†said the expert.
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