On September 22, the China Automobile Dealers Association released its monthly analysis report on bus sales (wholesale) for August 2025. Bus sales (wholesale) in August 2025 totaled 44,700 units, representing a year-on-year increase of 11.63% and a month-on-month increase of 7.43%. Cumulative sales (wholesale) for January-August reached 351,500 units, up 6.48% year-on-year.

Bus sales (wholesale) in August 2025 stood at 44,700 units, rising 11.63% year-on-year and 7.43% month-on-month. The January-August cumulative sales (wholesale) totaled 351,500 units, marking a 6.48% year-on-year increase. Among the categories, large buses recorded monthly sales of 5,800 units with cumulative sales of 43,100 units; medium buses achieved monthly sales of 4,200 units with cumulative sales of 27,700 units; and light buses posted monthly sales of 34,700 units with cumulative sales of 280,700 units.

For the month, the top 5 large bus sales (wholesale) companies accounted for 73.54% market share, ranking in order: Yutong Bus Co.,Ltd. (600066.SH), Zhongtong Bus Holding Co.,Ltd. (000957.SZ), Suzhou Golden Dragon, Xiamen Golden Dragon, and Golden Travel Bus. For the January-August period, the top 5 large bus cumulative sales (wholesale) companies held 72.10% market share, ranking as follows: Yutong Bus Co.,Ltd., Zhongtong Bus Holding Co.,Ltd., Xiamen Golden Dragon, Suzhou Golden Dragon, and Golden Travel Bus.

In medium buses, the top 5 monthly sales (wholesale) companies captured 65.83% market share, with the following ranking: Yutong Bus Co.,Ltd., Beiqi Foton Motor Co.,Ltd. (600166.SH), Xiamen Golden Dragon, Suzhou Golden Dragon, and Zhongtong Bus Holding Co.,Ltd. For the January-August cumulative period, the top 5 medium bus sales (wholesale) companies represented 60.50% market share, ranking in order: Yutong Bus Co.,Ltd., Xiamen Golden Dragon, DONGFENG GROUP (00489), Zhongtong Bus Holding Co.,Ltd., and Beiqi Foton Motor Co.,Ltd.

For light buses, the top 5 monthly sales (wholesale) companies held 84.16% market share, with the following ranking: Chongqing Changan Automobile Company Limited (000625.SZ), SAIC Maxus, Jiangling Motors Corporation,Ltd. (000550.SZ), Beiqi Foton Motor Co.,Ltd., and Anhui Jianghuai Automobile Group Corp.,Ltd. (600418.SH). The January-August cumulative top 5 light bus sales (wholesale) companies accounted for 85.43% market share, ranking as follows: Chongqing Changan Automobile Company Limited, Jiangling Motors Corporation,Ltd., SAIC Maxus, Beiqi Foton Motor Co.,Ltd., and Iveco.