Sales of Chinese Branded Cars Risen Again in July

1. Overall Situation
In July, automobile production and sales reached 2.591 million and 2.593 million units, respectively, down 7.3% and 10.7% month-over-month, and up 13.3% and 14.7% year-over-year, respectively. From January to July, automobile production and sales reached 18.235 million and 18.269 million units, respectively, up 12.7% and 12% year-over-year, with the growth rates of production and sales increasing by 0.2 and 0.6 percentage points, respectively, compared to the January-June period.

2. Passenger Cars
In July, passenger car production and sales reached 2.293 million and 2.287 million units, respectively, down 6% and 9.8% month-over-month, and up 13% and 14.7% year-over-year, respectively. From January to July, passenger vehicle production and sales reached 15.838 million and 15.841 million units, respectively, representing year-on-year increases of 13.8% and 13.4%, respectively.

3. Commercial Vehicles
In July, commercial vehicle production and sales reached 298,000 and 306,000 units, respectively, representing month-on-month decreases of 15.8% and 17.1%, and year-on-year increases of 16.3% and 14.1%, respectively. From January to July, commercial vehicle production and sales reached 2.397 million and 2.428 million units, respectively, representing year-on-year increases of 6% and 3.9%, respectively.

4. Electric Vehicles
In July, electric vehicle production and sales reached 1.243 million and 1.262 million units, respectively, representing year-on-year increases of 26.3% and 27.4%, respectively. New electric vehicle sales accounted for 48.7% of total new vehicle sales. From January to July, electric vehicle production and sales reached 8.232 million and 8.22 million units, respectively, representing year-on-year increases of 39.2% and 38.5%, respectively. New electric vehicle sales accounted for 45% of total new car sales.

5. Exports
In July, automobile exports reached 575,000 units, a 2.8% decrease from the previous month and a 22.6% increase from the previous year. From January to July, automobile exports totaled 3.68 million units, a 12.8% increase from the previous year.

6. Chinese Brand Passenger Cars
In July, sales of Chinese brand passenger cars reached 1.604 million units, a year-on-year increase of 21.3%, accounting for 70.1% of the market share. From January to July, sales of Chinese brand passenger cars reached 10.873 million units, a year-on-year increase of 24.4%, accounting for 68.6% of the market share.