China’s Recreational Vehicle Sales Hit a Record Low in April

Date:2022-06-07 Author:Rosy Source:chinaspv.com

June 7, 2022, China, Recreational vehicle, as a niche market in special purpose vehicle industry, showed a growing trend in the first quarter of 2022, but the sales decreased by 55% YOY to 569 units in April influenced by the epidemic situation. The total sales of recreational vehicles were 2,994 units from January to April 2022, down by 10% YOY.

	2018	2019	2020	2021	2022
Sales of RV in April	572	1017	667	1266	569
Year-on-year growth in April	80.0	78.0	-34.0	90.0	-55.0
Month-on-month growth in April	66.0	91.0	134.0	76.0	-26.0

According to analysis, the decreased sales of recreational vehicle in April was mainly affected by epidemic, especially the severe situation in Shanghai and market shrink in surrounding Yangtze river delta area, where are always the key sale markets of recreational vehicle.

From January to April 2022, SAIC Maxus, NAC and JMC ranked top three in recreational vehicle sales, with accumulating sales reaching 1,128 units, 897 units and 422 units and market share of 37.44%, 29.96% and 14.09% respectively. The sales of Top 10 enterprises accounted for more than 90% of the total in the first four months in 2022.

Rank in first quarter 2022	Company	RV sales from Jan to Apr	YOY change from Jan to Apr	Market share from Jan to Apr	RV sales in Apr	Market share in Apr	Rank in Apr
1	SAIC Maxus	1128	-2.0	37.44	211	37.08	1
2	NAC	897	-25.0	29.96	181	31.81	2
3	JMC	422	10.0	14.09	77	13.53	3
4	GWM	184	152.0	6.15	31	5.45	4
5	Beiqi Foton	60	-40.0	2.00	8	1.41	7
6	Guilin Bus	48	-38.0	1.60	6	1.05	8
7	Shandong KAMA	48	Net growth	1.60	11	1.93	5
8	Jiangxi Isuzu	38	-32.0	1.27	6	1.05	9
9	Sinotruk Jinan Commercial Vehicle	33	106.0	1.10	9	1.58	6
10	Qingling Motors	32	3.0	1.07	3	0.53	10
	TOP10 Total	2890	-8.6	96.28	543	95.42
	Industry	2994	-10.0	100.0	569	100.0