China's bus market to remain stable in March 2025

In March 2025, the performance of China's bus market is relatively stable. Specifically, the production and sales of buses were 50,000 and 53,000 respectively, with a month-on-month growth rate of 37.9% and 55.2% respectively. Although the year-on-year growth rate of production was 1.4%, the year-on-year decline rate of sales was only 0.1%. In the bus market segment, the production and sales of light buses showed a slight decline, while the production and sales of the other two types of buses achieved varying degrees of growth. In the first quarter of 2025 (January-March), the production and sales of buses were 123,000 and 125,000 respectively, with year-on-year growth rates of 8.3% and 9.8% respectively.