In September 2015, China's internal combustion engine market rebounded towards a good trend

With the promotion of the Belt and Road Initiative, the Chinese economy has shown a good trend. The Chinese internal combustion engine industry finally bottomed out in September.


China's internal combustion engine finally bottomed out in September
China's internal combustion engine finally bottomed out in September

According to the key enterprise data of the China Internal Combustion Engine Industry Sales Monthly published by the China National Internal Combustion Engine Industry Association, the sales volume of internal combustion engines (including 110 internal combustion engine enterprises and motorcycle engine data) was 4,969,700 units, a year-on-year increase of 11.88%, which was a year-on-year decrease. 5.56%; January-September sales totaled 4254.41 million units, a cumulative decrease of 5.59% year-on-year; 175.654 million kilowatts completed in September, an increase of 19.13% month-on-month, a year-on-year decrease of 2.30%, a cumulative total of 15.31717 million kilowatts from January to September, a year-on-year decline 1.76%.

September National Internal Combustion Engine Sales Trend
September National Internal Combustion Engine Sales Trend

The passenger car market rebounded in September and the cumulative sales volume was still better than the industry average, accumulatively increasing by 3.42% year-on-year, while the diesel engine market also stopped falling, with the cumulative decline shrinking to 14.50% year-on-year.

In terms of fuel types, diesel engines sold 70.90 million units in September, with cumulative sales of 5.19 million units, a year-on-year increase of 20.23%, a year-on-year decrease of 14.50%, gasoline engine sales of 3.990 million units in September, and cumulative sales of 37.369 million units, a year-on-year decrease of 9.01%. The cumulative decrease of 4.18% year-on-year.

In terms of the auxiliary engine market, except for the year-on-year cumulative increase in the number of internal combustion engines for passenger vehicles, all other markets showed a year-on-year decline. From January to September, the accumulated sales volume of passenger vehicle internal combustion engines was 13,407,500 units, an increase of 3.42% over the same period of last year; the cumulative sales volume of marine internal combustion engines in September was 35,800 units, a year-on-year decrease of 4.28%; the cumulative sales volume of agricultural machinery used in September was 4,434,100 units, a year-on-year decrease of 4.92 units. %; motorcycle internal combustion engine sales in September accumulated 17676600 units, a year-on-year decrease of 5.87%; garden machinery used in September cumulative sales of 3.0715 million units, a year-on-year decrease of 10.31%.

Internal combustion engine exhibited
Internal combustion engine exhibited

In September, the cumulative sales volume of commercial vehicle internal combustion engines was 2,254,800 units in September, a year-on-year decrease of 20.42%; the cumulative sales volume of construction machinery used in internal combustion engines was 355,500 units in September, a year-on-year decrease of 20.61%; the largest decrease was in the use of internal combustion engines for generator sets. In September, the cumulative sales volume was 1,438,300 units. , a year-on-year decrease of 26.62%. The sales volume of internal combustion engines continued to shrink, and the passenger car market stabilized in September and the export of enterprises continued to decline.

The emission standards of agricultural diesel engines have been upgraded from "National 2" to "National 3", which has accelerated the pace of agricultural machinery to green transformation. At present, agricultural machinery companies actively take measures to respond to the transformation and upgrading of agricultural machinery emission standards, and the "National 3" diesel engine technology reserves have continuously improved production capacity. . For the single-cylinder diesel engine industry, which accounts for a relatively high proportion in the field of supporting agricultural machinery, sales volume has rebounded sharply from the previous period.

In September, the cumulative sales volume of single-cylinder diesel engines was 2,337,500 units, a year-on-year decrease of 12.61%. The top five companies are: Changchai, Changfa, Jiangdong, Changlin agricultural equipment, and Jinfei fish . Its sales of single firewood products accounted for 72.46% of the industry's sales volume. On the whole, the decline in the sales volume of the larger companies has been reduced, and the decline is kept within 10%. Among them, only the cumulative sales of Changchai, Yanmar, and Lifan single-cylinder diesel engines maintained positive growth.

Although the commercial vehicle market in September 2015 had a significant increase from August, it was still lower than the same period of last year. As the sales volume of commercial vehicles continues to shrink, the decline in the overall sales volume of the multi-cylinder diesel engine companies that have a relatively high share of the commercial vehicle sector continues to increase. The multi-cylinder diesel engine company sold a total of 2,853,300 units in September, a year-on-year decrease of 15.98%. Sales of the top ten sales such as Yuchai, Quanchai, Weichai, Xichai, and Yunnei accounted for 65.97% of total sales.

At present, only Yunnei , Foton Cummins , Changchai, Yiluo Luoyang, Futian Engine Factory, Yiwu Jiangyan, Lovol and other cumulative sales increased year-on-year. The cumulative sales volume of the top 10 companies in commercial vehicle-competent internal combustion engines fell by 23.84% year-on-year in September. Only Yunnei, Foton Cummins, Futian Engine Works, and Jiangxi Isuzu increased in contrarian conditions. Yuchai has always maintained a leading position in the bus markets that are being competed by various multi-cylinder companies. Among the many fields supported by multi-cylinder diesel engines, agricultural machinery rebounded across the board. Guangxi Yuchai, Yiluo Luoyang, Changchai, Laidong, Quanchai and other enterprises performed well.

In September, the growth rate of China's exports continued to decline, but the decline narrowed. According to customs statistics, in September, China’s total value of imports and exports was 2.22 trillion yuan, a year-on-year decrease of 8.8%. Among them, exports reached 1.3 trillion yuan, a decrease of 1.1%; imports reached 924 billion yuan, a decrease of 17.7%; trade surplus was 376.2 billion yuan, an increase of 96.1%. Huang Songping, spokesperson of the General Administration of Customs, said that since the beginning of this year, the adjustment of the world economy has continued and the overall recovery has been lacklustre. The outlook remains uncertain. The downward pressure on the domestic economy is relatively high, and the growth rate of imports and exports has declined somewhat, but the quality of foreign trade has improved.

Development has entered the new normal. Export-oriented small gasoline engine companies have been affected, sales have fallen slightly, and other companies have performed well. In September, the cumulative number of sales of small gasoline engine enterprises was 6,891,600 units, a year-on-year decrease of 9.18%. The top five companies were Huasheng, Loncin, Runtong, Zhongjian Technology and Linhai. The year-on-year cumulative growth for the companies Longxin, Runtong, Makita (Kunshan), an increase of 8.00%, 22.69%, 18.31%, better than the industry average.

The multi-cylinder gasoline engine is mainly used in the passenger vehicle sector. Compared with August, sales volume in September has increased significantly, which is basically the same as last year. The cumulative sales growth has far exceeded the industry average. In September, multi-cylinder gasoline engine companies sold 13.6365 million units, a year-on-year increase of 2.71%.

It is worth noting that the engine manufacturers of large-scale automobile enterprises have all experienced far higher than average growth. In particular, the year-on-year growth of SAIC-GM-Wuling, Dongfeng-Nissan, Great Wall, Changan Ford and Chery has reached 13.23% and 39.56%, respectively. , 39.02%, 61.29%, 28.41%. SAIC-GM-Wuling, FAW-Volkswagen, Shanghai Volkswagen Powertrain, Dongfeng Nissan, and Chongqing Changan Automobile are among the top ten companies. Its overall sales accounted for 53.39% of the industry's sales.

The new energy engine has shown a steady trend overall. The government has continued to have favorable policies for new energy vehicles, new energy-related infrastructure construction in full swing, and people's acceptance of new energy has deepened. New energy internal combustion engines are getting better and better in 2015. Dongfeng Nanchong has a larger share in the new energy engine market.

In the first nine months of 2015, with the exception of the year-on-year increase in passenger vehicles, the rest of the industry has declined to varying degrees, and the total sales volume has steadily declined.

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