China Automobile Association: Commercial vehicle production and sales completed 294,000 units and 284,000 units respectively in September, up 8.7% and 4.4% month-on-month

The Zhitong Finance App learned that according to data from the China Automobile Association, in September 2024, commercial vehicle production and sales completed 294,000 units and 284,000 units respectively, up 8.7% and 4.4% from the previous month; down 16.8% and 23.5%, respectively. From January to September 2024, commercial vehicle production and sales completed 2,827 million units and 2.892 million units, respectively, down 2.8% and 1.6% year-on-year, respectively.

In September 2024, production and sales of buses completed 45,000 units and 42,000 units respectively, up 18% and 4.3%, respectively. Production increased 1.9% year on year, and sales fell 7.3% year on year. Compared with the previous month, production of medium-sized buses increased and sales volume declined, and production and sales of the other two major types of buses increased to varying degrees; compared with the same period last year, production and sales of large buses and medium-sized buses showed double-digit growth, while production and sales of light buses declined to varying degrees.

From January to September 2024, bus production and sales completed 359,000 units and 361,000 units, respectively, up 3.4% and 4.3% year-on-year, respectively. Compared with the same period last year, light bus production declined slightly and sales increased slightly, while production and sales of the other two major bus types showed double-digit growth.

In September 2024, truck production and sales completed 250,000 units and 242,000 units, respectively, up 7.2% and 4.4% from the previous month, and down 19.5% and 25.7%, respectively. Compared with the previous month, production and sales of light trucks showed double-digit growth, while production and sales of the other three types of trucks declined to varying degrees; compared with the same period last year, production and sales of all four types of trucks declined to varying degrees.

From January to September 2024, truck production and sales reached 2.467 million units and 2,531 thousand units respectively, down 3.6% and 2.4%, respectively. Compared with the same period last year, production and sales of medium trucks showed rapid double-digit growth, light truck production and sales increased slightly, and production and sales of the other two major types of trucks declined to varying degrees.

According to an analysis by the China Association of Automobile Manufacturers, in September 2024, compared with the previous month, bus and truck production and sales both increased to varying degrees; compared with the same period last year, bus production increased and sales volume declined, and truck production and sales declined by double digits.