The production and sales data released by Yutong Bus on the 6th showed that the company’s production in October was 1,844 units, which was 46% lower than the 3,412 units sold in September; the sales volume was 1,576 units, which was 53% lower than the 3,371 units in September. Both saw a large decline.
The decline in the production and sales volume of commercial vehicle companies is not just a Yutong bus. Jiangling Motors’ production in October was 3214 units, a decrease of 10% from the previous period; sales volume was 3,259 units, a decrease of 3% from the previous quarter. JAC's production in October was 26,610 units, a 29% decrease from the previous period; sales volume was 26,360 units, a decrease of 20% from the previous period.
Passenger car production and sales are affected by the factors of vacation is relatively small, so the monthly decline is slightly lower than commercial vehicles. Chang'an Automobile's production and sales data showed that the company’s production in October was 129,057 units, a decrease of 1.6% from the previous period; sales volume was 127,613 units, a decrease of 3.3% from the previous period.
Analysts believe that the poor performance of commercial vehicle sales in October was significantly related to the National Day holiday of the current month, and the effective sales days were reduced due to the holiday period, which reduced sales. If calculated by the effective working day, the decline rate will be greatly reduced, and the recent sales have not dropped sharply, and some auto companies will return to normal levels in November.