China Passenger Car Association: July 2023 Automobile Retail Sales Ranking Quick Report

China Passenger Car Association: July 2023 Automobile Retail Sales Ranking Quick Report

According to the latest retail sales data from the China Automobile Dealers Association's Automotive Market Research Branch (CPCA), the domestic narrow passenger car market's retail sales reached 1.775 million units in July, down 2.3% year-on-year and 6.3% month-on-month. The cumulative sales from January to July reached 11.299 million units, up 1.9% year-on-year.

July analysis : Under the guidance of the national policy to expand automobile consumption, the Ministry of Industry and Information Technology and the Ministry of Commerce have launched a series of activities such as new energy vehicles going to the countryside, the "Hundred Cities Linkage" Auto Festival and the "Thousand Counties and Ten Thousand Towns" New Energy Vehicle Consumption Season. Auto shows and the issuance of consumer vouchers and other consumption promotion activities in various places have played a good role in boosting consumer confidence.
In July, several brands launched a new round of price wars, turning this "off-season" into a prosperous period for the auto market. The retail sales volume hit a new monthly high this year, becoming one of the rare strong July markets in recent years.

The data in this article is based on the first draft of the monthly report of the Passenger Car Market Information Joint Committee.

<<:  Microsoft realizes airborne control of mobile phones

>>:  Ding Lei raises pigs and Jack Ma raises dairy cows

Recommend

Tips: Don’t use emojis indiscriminately, especially at work...

If your two boyfriends/girlfriends each replied w...

3.15 How to make fake copywriting look real

3.15 How to make fake copywriting look real? Tomo...

How to use the Tik Tok mini program? How to activate the Douyin mini program?

How to use the Tik Tok mini program? How to activ...

A new way to accurately attract traffic from Himalaya Audio!

Everyone knows that Himalaya has over 100 million...

5 ways to effectively drive users to download apps in the App Store!

If you want to gain users in the App Store, the r...

Want to say goodbye to the Home button? It's not as easy as you think

Nowadays, there are fewer and fewer buttons on mo...

Analysis of the hot search traffic of public accounts

In recent months, the gameplay based on WeChat se...