1.1 Thousand Buses Sold: Total Imported Bus Sales During 5 Months
Imported bus sales during the first 5 months of 2024 witnessed an increase of approximately 49.2% compared to the same period in 2023. A total of 1.1 thousand buses were sold, up from about 731 buses in the comparison period.
Sales of locally assembled buses declined during the first 5 months of 2024, recording just 1.2 thousand buses compared to 2.6 thousand buses in the same period of 2023, a significant decrease of 52.2%, according to the Automotive Market Information Council (AMIC) report.
Market Leaders:
- Toyota captured the largest share of bus sales during the first 5 months of 2024, holding 46.5% of the market with over a thousand buses sold.
- Chevrolet secured second place with a market share of about 19.2%, selling 449 buses.
Other Key Players:
- King Long rose to third place, holding a market share of 10.5% with a total of 245 buses sold.
- Golden Dragon fell to fourth place, matching King Long’s market share of 10.5% with 245 buses sold.
- MCV/Mercedes took fifth place with a market share of 3.7%, selling 86 buses.
- Suzuki came in sixth with a market share of 3.5%, selling 83 buses.
- Foton rose to seventh place with a market share of about 2.6%, selling 60 buses.
- Mitsubishi secured eighth place with 53 buses sold.
Despite the growth in imported bus sales, the overall bus market experienced a decrease of about 28.7%, with total sales recording 2.3 thousand buses during the first 5 months of 2024, down from approximately 3.3 thousand buses in the same period of 2023.
