"Number" said the car market, market demand fell slightly in July narrow passenger car retail is expected to be 1.73 million
Release time:
2023-07-27 18:15
Red Net Time News, July 27 (Reporter Long Zhen) According to the latest statistics released by the Passenger Association, retail sales of narrow passenger cars are expected to be about 1.73 million in July, down 8.6 from the previous month and 4.8 from the previous year (stimulated by the purchase tax policy in the same period last year, with a high base). Among them, new energy retail sales are about 620000, down 6.8 from the previous month, up 27.5 from the previous year, and the penetration rate is about 35.8.

Specifically, in the first week of July, the national passenger car market had an average daily retail sales of 37000 vehicles, a year-on-year decrease of 7% and a month-on-month decrease of 2%; in the second week of July, the national passenger car market had an average daily retail sales of 51000 vehicles, a year-on-year increase of 7%. In the third week of July, the national passenger car market had an average daily retail sales of 62000 vehicles, an increase of 5%, from July 1 to 23, the passenger car market retailed 1.122 million vehicles, up 2% year-on-year and down 7% month-on-month.
On the whole, the market demand fell slightly in July, but the overall performance was relatively stable, showing a normal seasonal trend.
Since sales were boosted by the car purchase tax cut in July last year, and this year is a normal sales time, the year-on-year decline at the beginning of the month is normal. The good thing is that various policies to promote automobile consumption remain strong.
For example, from July 17, 2023 to September 30, 2023, the second round of automobile consumption promotion activities in Changsha will be launched in 2023; on July 21, the website of the National Development and Reform Commission released "some measures to promote automobile consumption", proposing to optimize the management policy of automobile purchase restriction, support the renewal and consumption of old cars, speed up the cultivation of the second-hand car market, strengthen the construction of supporting facilities for new energy vehicles, and reduce the purchase and use cost of new energy vehicles, at the same time to strengthen the automobile consumer financial services... With the landing of these policies, further boost the enthusiasm of automobile consumption.

2023 Changsha City Automobile Promotion Consumption and "Hundred Villages and Thousand Villages" New Energy Automobile Consumption Season Launch Ceremony
Therefore, the continued strength of the auto market in July is still better than expected, reflecting the strong resilience of consumption and the pulling effect of market activities.
It is worth mentioning that although the passenger car market declined year-on-year and month-on-month in July, the performance of new energy vehicles is still relatively strong and continues to maintain a growth trend. In July, new energy is forecast to retail about 620000 vehicles, a decrease of 6.8 from the previous month. An increase of 27.5. This also reflects that consumer demand for new energy vehicles continues to grow, and the share of new energy vehicles in the overall passenger car market continues to increase. In July, the penetration rate of new energy may reach 35.8.
From January to June 2023, the retail penetration rate of new energy vehicles was 25.7 per cent, 31.6 per cent, 34.2 per cent, 32.3 per cent, 33.3 per cent and 35.1 per cent, respectively, and the penetration rate of new energy vehicles remained above 30 per cent in all but January, and will reach a new high in July. With the introduction of the new energy vehicle purchase tax exemption continuation policy, new energy vehicles to the countryside to accelerate, new energy vehicle infrastructure construction to further improve ...... A series of policies to support the development of new energy vehicles are launched intensively, for the long-term high-quality development of the new energy vehicle industry "endurance". According to the forecast of the Federation of passengers, the sales volume of new energy passenger vehicles in China will be 8.5 million in 2023, and the sales volume of narrow passenger vehicles will be 23.5 million. The annual penetration rate of new energy vehicles is expected to reach 36%.
Source: Red Net
Author: Long Zhen
Editor: Tang Jieqiong This article is an original article by Red Car Network. Please attach a link to the original source and this statement for reprinting.
Links to this article:https://auto.rednet.cn/content/646741/61/12902508.html
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