In the first half of 2014, the growth of the automotive diesel engine was significantly reduced due to the impact of truck sales.

As we all know, in the first half of 2014, the truck sales market was affected by various factors, and the sales volume was not good compared to the same period last year. The upstream parts and components companies were also affected. Let's take a look at the changes in the production and sales volume of diesel engines.

According to data from the China Automobile Association, in the first half of 2014, domestic trucks (including non-integrated vehicles and semi-trailer tractors) sold a total of 1,770,703 vehicles, a decrease of 4.27% from 1,849,660 vehicles in the same period last year. This trend is also reflected in the upstream automotive diesel engine market.


First half production of major diesel engine plants

In the first half of 2014, the number of diesel engines sold was 1,886,780 units, an increase of 1.04% year-on-year, and the increase was noticeably lower.


First-half sales volume of vehicle diesel engines

In the first half of 2014, the top 10 automotive diesel engine sales companies were: Yuchai, Weichai, FAW, Quanchai, Jiangling Holdings, Yunnei Power, Dongfeng, Beiqi Foton, Shandong Huayuan Laidong, and China National Heavy Duty Truck. Ten companies sold 305,410 units, 274,117 units, 236,805 units, 217,392 units, 131,702 units, 1,13,966 units, 99,490 units, 90,617 units, 80,647 units, and 58,416 units, respectively, which accounted for 16.19% and 14.53% of the sales volume of the diesel engine market in the first half of 2014, respectively. %, 12.55%, 11.52%, 6.98%, 6.04%, 5.27%, 4.80%, 4.27%, 3.04%. These 10 companies sold a total of 1,607,586 diesel engines, accounting for 85.20% of the total sales of diesel engines, a slight decrease from 85.87% in the same period of last year, and the market concentration has decreased.


First-half sales volume of vehicle diesel engines

In the first half of 2014, the top 10 automotive diesel engine sales companies performed differently, with 6 sales volumes increasing year-on-year and 4 companies showing declines. Among them, the growth rate of the top three companies was, respectively, the highest growth rate of Beiqi Foton was 16.36%; Jiangling Holdings followed closely with an increase of 15.56%; China Heavy Duty Truck increased by 14.41%.


First-half sales volume of vehicle diesel engines

In addition, among the enterprises that experienced declines, Quanchai recorded the largest decline, accounting for 14.33%; Shandong Huayuan Laiwu, followed by 9.85%; Weichai and Yunnei had declines of 1.59% and 1.89%, respectively.

It can be seen that in the first half of the year, due to the sluggish truck industry, the overall diesel engine market was bleak, and the increase in production and sales dropped significantly.

For the heavy-duty truck industry, July and August are the traditional off-season. Demand is weak or will continue to affect the recovery of the diesel engine market. Coupled with many commercial vehicle companies in the summer, "high temperature false", the next two months, the automotive diesel engine market is difficult to have a big improvement.

It is expected that with the advent of the heavy truck market “Golden 9 Silver 10”, perhaps there will be a turning point in the second half of the diesel engine.

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