Recreational vehicle sales decreased by 11% YOY in Sep in China

November 10,2022

The recreational vehicle (RV) market has developed rapidly in recent years. However, due to the impact of the epidemic, the growth rate of RVs in China has slowed down after the rapid growth in 2021.
According to the registration data provided by the China Automobile Dealers Association, in September 2022, the actual sales of RVs in China were 1,158 units, a decrease of 10% from the previous month and a decrease of 11% from the same period of last year.

  Jan Feb Mar Apr May Jun Jul Aug Sep
Monthly sales in 2022 1276 380 769 569 843 1318 1171 1292 1158
Monthly sales in 2021 935 411 720 1266 1013 1487 1429 937 1302
YOY growth 36.5 -7.5 6.8 -55.1 -16,8 -11.4 -18.0 38.0 -11.0
MOM growth 14.2 -56.0 102.4 -26.0 48.2 56.3 -11.2 10.3 -10.0

The sales volume of RVs in September was 1,158 units, ranking fourth in the first nine month this year, down 10% month-on-month and 11% year-on-year.

According to the analysis, the main reasons are:

First, the epidemic has been on the rise in various places recently, and the tourism market has been affected.

Second, the end of the summer tourist season in August reduces the demand for RVs.

According to the data of China Automobile Dealers Association, the sales volume and year-on-year statistics of RVs in September and January-September 2022 are as follows:
 
  2018 2019 2020 2021 2022
Sales in Sep 2022 724 780 1222 1302 1158
YOY growth in Sep 51.0 8.0 57.0 7.0 -11.0
Sales from Jan to Sep 2022 5651 7154 6326 9500 8776
YOY growth from Jan to Sep 75.0 27.0 -12.0 50.0 -8.0
 
In September and January-September 2022, the sales volume of C-type RVs accounted for 65.9% and 69.6%, respectively, occupying the dominant position in the RV market.

According to the terminal licensing data, the sales ranking of RV companies in September and January-September 2022 are as follows:

Rank from Jan to Sep Company Sales from Jan to Sep Sales in Sep Rank in Sep
1 SAIC MAXUS 1153 143 1
2 Yutong 868 124 2
3 Zhejiang Daide Longcui 483 53 4
4 Hubei Heli 443 57 3
5 Hebei Lanzhong SPV 425 45 6
6 Hubei Qixing 314 44 7
7 Chery 306 48 5
8 Hubei Chengli 230 30 8
9 Henan Xinfei 181 18 12
10 Shandong KAMA 171 14 13
  Industry 8776 1158  
 
According to the terminal registration information, the top 10 cities for RV sales in September and January-September 2022:

Rank from Jan to Sep City Sales from Jan to Sep Sales in Sep Rank in Sep
1 Suzhou 345 84 1
2 Beijing 337 48 3
3 Weihai 315 40 6
4 Zhengzhou 285 69 2
5 Changzhou 273 38 7
6 Yangzhou 265 38 7
7 Suizhou 239 45 5
8 Shanghai 239 46 4
9 Chengdu 238 22 12
10 Nanjing 219 32 9
  Total 8776 1158  

Source : www.chinaspv.com

Editor : Rosy

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