Latest Analysis of the Motorcycle Industry

Latest Analysis of the Motorcycle Industry

In July 2023, the motorcycle industry in China witnessed a month-on-month increase in production and sales while experiencing a year-on-year decline. However, there was a continual recovery trend in exports, marking a historical high for this period.

Motorcycle Production and Market Status

In July 2023, statistics revealed that the industry produced and sold 1,285,400 and 1,265,100 fuel motorcycles, indicating a 2.9% and 3.41% decrease month-on-month and a 1.96% and 2.57% decline year-on-year. Conversely, electric motorcycle production and sales surged to 396,300 and 371,800, marking a 16.88% and 16.38% increase month-on-month, although experiencing significant year-on-year drops of 52.44% and 51.4%.

Monthly Sales Trends

July witnessed the production and sales of a total of 1,681,600 and 1,636,900 motorcycles, showcasing slight month-on-month increases of 1.14% and 0.47%. However, these numbers declined significantly year-on-year by 21.57% and 20.67%. Larger displacement recreational motorcycles (above 250cc, excluding 250cc) experienced production and sales growth of 18.12% and 19.82% but saw a year-on-year decline of 26% and 22.56%.

From January to July, the industry reported the production and sales of 8,230,900 and 8,263,400 fuel motorcycles, indicating a 0.05% increase and a 0.51% decrease year-on-year. Meanwhile, electric motorcycle production and sales dropped significantly by 24.3% and 33.02% year-on-year. The total production and sales of motorcycles during this period experienced an 8.56% and 11.95% decrease year-on-year, amounting to 11,637,300 and 11,285,200 units.

Motorcycle Sales Composition by Model in July 2023

In July, second-round motorcycle production and sales witnessed a 9.81% and 13.5% year-on-year decrease. Large-displacement recreational motorcycles and three-wheeled motorcycles saw slight year-on-year increases of 2.38% and 1.49%.

From January to July, straddling bicycle production and sales decreased by 4.44% and 5.26% year-on-year. Scooter production and sales saw a significant year-on-year decline of 14.97% and 22.43%, while cub motorcycles experienced a 2.7% and 3.38% increase year-on-year. Straddle, pedal, and curved beam models accounted for 44.23%, 46.33%, and 9.44% of total two-wheeled vehicle sales, respectively.

Sales Composition of Two-Wheelers by Displacement in July 2023

The 50, 110, 125, 150, 200, and 250 series exhibited various year-on-year changes in production and sales, with fluctuations ranging from a 5.29% decrease to a 16.72% increase. Large displacement motorcycles above 250cc experienced a 4.13% and 3.27% year-on-year decrease in production and sales.

From January to July, three-wheeled motorcycle production and sales increased by 2.28% and 1.39% year-on-year. General freight tricycles and ordinary passenger tricycles witnessed growth rates of 1.86% and 4.98%, respectively.

Top 10 Companies in Fuel Motorcycle and Electric Motorcycle Sales

From January to July, the top 10 companies in fuel motorcycle sales included Da Changjiang, Longxin, Zongshen, Sundiro Honda, Luoyang North, Wuyang-Honda, Guangdong Daye, Chongqing Yinxiang, Guangzhou Dayun, and Qingqi Suzuki, selling between 266,100 to 1,088,200 units.

During the same period, top 10 companies in electric motorcycle sales were Yadea Technology Group, Zhejiang Luyuan, Dongguan Tailg Automobile Industry, Jiangsu Xinri, Zongshen Group, Jiangsu Huaihai, Shandong Bus New Energy, Jinyi Automobile Industry, Revoo Heavy Industry, and Chongqing Longxin, selling between 28,100 to 1,442,100 units.

China’s Motorcycle Export Trends

In July, China’s motorcycle exports decreased month-on-month but sustained year-on-year growth, reaching a historical high for this period. The cumulative export decline from January to July narrowed, and positive growth is expected in August.

Economic Performance of Motorcycle Manufacturers

From January to June, motorcycle production enterprises recorded increased industrial output value, sales output value, operating income, total profit, and tax compared to the previous year. Total profit