According to the latest retail sales data from the China Automobile Dealers Association's Automotive Market Research Branch (CPCA), sales in the domestic narrow passenger car market reached 1.818 million units in July , a year-on-year increase of 20.4% and a month-on-month decrease of 6.5% ; cumulative sales from January to July were 11.079 million units, a year-on-year decrease of 3.5% . Analysis in July : In July , the epidemic situation continued to be effectively controlled. Logistics and supply chains continued to improve, new cars were launched in batches, exports grew beyond expectations, and a package of consumer policies were implemented, which promoted the growth of the overall passenger car market, and the off-season was not off-season. Mainstream car companies continued to offer promotional discounts and strive to make up for the previous sales losses. New energy vehicles continued to grow at a high speed, and the demand structure of passenger car products is showing expected changes. The total wholesale sales of the top 15 automakers this month was 1.635 million units, with a market concentration of 76.6% , up 1.9 percentage points from the previous month. The total retail sales of the top 15 automakers this month was 1.396 million units, with a market concentration of 76.8% , up 2.1 percentage points from the previous month. BYD Auto, FAW-Volkswagen, SAIC Volkswagen, Changan Automobile, and Geely Auto sold more than 100,000 units this month , with BYD Auto selling 159,000 units. The data in this article is based on the Passenger Car Market Information Joint Committee Monthly Report – Draft. The following are retail data |
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