第一商用车网·2025-12-15 02:38Core Viewpoint - The light commercial vehicle (LCV) market in China has shown a significant growth trend, achieving an 8-month consecutive increase in sales, with November 2025 sales reaching 40,500 units, a year-on-year growth of 14% [2][6][20]. Group 1: Market Performance - In November 2025, the overall bus market sold 53,200 units, with a month-on-month increase of 7% and a year-on-year increase of 16% [1]. - The light bus market accounted for 76.14% of total bus sales in November, a slight decrease from the previous month [1]. - Cumulatively, from January to November 2025, the light bus market sold 403,700 units, marking an 11% year-on-year increase, which is the highest in five years [4][15]. Group 2: Sales Trends - The light bus market has experienced a fluctuating trend over the past five years in November, with 2025's sales being the highest in this period, surpassing the lowest sales in November 2022 by 14,200 units [4]. - The cumulative sales from January to November 2025 exceeded 400,000 units, with an increase of over 41,400 units compared to the same period last year [4][15]. Group 3: Company Performance - In November 2025, the top ten companies in the light bus market had a combined market share of 97.90%, with Changan, Jiangling, and Maxus leading the market, each exceeding 20% market share [13]. - Changan and Maxus saw significant year-on-year sales increases of 44% and 79%, respectively, while Jiangling grew by 10% [10][16]. - Among the top ten companies, five experienced sales growth while five saw declines, with the most significant drop being 48% for one company [10]. Group 4: Market Share Dynamics - From January to November 2025, Changan, Jiangling, and Maxus captured 28.92%, 22.15%, and 21.13% of the light bus market share, respectively [17]. - Compared to the previous year, Changan, Jiangling, and Maxus increased their market shares by 4.76, 0.81, and 3.35 percentage points, respectively [18].