Recreational vehicles sales decreased by 32% YOY in October 2022 in China

Date:2022-12-08 Author:Alice Source:www.chinaspv.com

In recent years, the recreational vehicle market has developed rapidly. However, due to the impact of the epidemic, the growth rate of RV in China has slowed down after the rapid increase in 2021, and the impact has been more obvious this year.

According to the registration data provided by the China Automobile Dealers Association, the actual sales of RVs in China in October 2022 were 787 units, a decrease of 32% from the 1,158 units in September and an 18% decrease from the 962 units in October last year. The cumulative sales of RVs from January to October 2022 were 9,563 units, a year-on-year decrease of 9%, which is mainly due to the impact of the recent epidemic.

Year-on-year and month-on-month statistics of RV sales in each month from January to October 2022:

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct
Sales in 2022	1276	380	769	569	843	1318	1171	1292	1158	787
Sales in 2021	935	411	720	1266	1013	1487	1429	937	1302	962
YOY growth	36.5	-7.5	6.8	-55.1	-16.8	-11.4	-18	38	-11	-18
MOM growth	14.2	-56	102.4	-26	48.2	56.3	-11.2	10.3	-10	-32

According to analysis, the decrease in recreational vehicle sales in October are as follows:　　

Recently, the tourism market has been seriously affected due to the epidemic.

The PMI value of China's manufacturing industry in October this year was lower than that in September. Affected by the general environment of "economic downturn and reduced market demand", the month-on-month decline in sales in October this year is inevitable.

Sales volume and year-on-year growth statistics of the RV market in October and January-October in recent years:

	2018	2019	2020	2021	2022
Sales in Oct	560	583	750	962	787
YOY growth in Oct	55	4	29	28	-18
Sales from Jan to Oct	6211	7737	7076	10462	9563
YOY growth from Jan to Oct	73	25	-9	48	-9

Proportion of various RVs in October, January-October 2022 and in recent years:

	C-type RV	B-type RV	A-type RV	Total
Sales in Oct	554	227	6	787
Sales in Sep	763	376	10	1158
Proportion of Oct	70.4	28.8	0.8	100
Proportion of Sep	65.9	32.5	1.6	100
Sales from Jan to Oct	6660	2837	66	9563
Sales from Jan to Sep	6106	2610	60	8776
Proportion from Jan to Oct	69.64	29.67	0.69	100
Proportion from Jan to Sep	69.58	29.74	0.68	100

According to the terminal registration data, divided by length segment, the sales structure statistics of the RV market in October and January-October 2022:

	Less than 6m	6-8m	Over 8m	Total
Sales in Oct	749	32	6	787
Proportion of Oct	95.17	4.07	0.76	100
Sales from Jan to Oct	9423	74	66	9563
Proportion from Jan to Oct	98.54	0.77	0.69	100

No matter in October or January-October this year, models with a length below 6 meters accounted for more than 95%, occupying the absolute main body of the RV market. It shows that the main demand in the current RV market is the car model with a length below 6 meters. According to research and analysis, the main reason is that models below 6 meters are small in size, which can achieve better driving safety and driver’s license versatility. At the same time, the cost of using small RVs is relatively low, and they are more suitable for family travel.

According to the terminal registration data, the sales volume ranking of RV companies in October and January-October 2022:

Rank from Jan to Oct	Company	Sales from Jan to Oct	YOY growth from Jan to Oct	Sales in Oct	YOY growth in Oct	Rank in Oct
1	SAIC MAXUS	1366	31	99	-24	1
2	Yutong	929	-12	61	-51	2
3	Zhejiang Daide	526	11	43	-40	4
4	Hubei Heli	471	-11	28	-65	7
5	Hebei Lanzhong	462	29	37	-53	5
6	Chery REV	350	7	44	-19	3
7	Hubei Qixing	344	111	30	-9	6
8	Hubei Chengli	247	-56	17	-73	9
9	Henan Xinfei	196	-17	15	-59	10
10	Chongqing Jinguan	161	204	11	-62	8
	Total	9563	-9	787	-18

According to the terminal registration information, the ranking of the top 10 cities for RV sales in October and January-October 2022:

Rank from Jan to Oct	City	Sales from Jan to Oct	Sales in Oct	Rank in Oct
1	Suzhou	399	54	1
2	Beijing	372	35	2
3	Weihai	334	19	8
4	Zhengzhou	299	14	17
5	Yangzhou	295	31	3
6	Changzhou	293	20	7
7	Suizhou	262	23	5
8	Chengdu	256	18	9
9	Shanghai	249	10	20
10	Nanjing	242	23	5
	Total	9563	787