The Passenger Vehicle Association: In July, the national retail sales of passenger cars reached 1.461 million units, a year-on-year decline of 20.9%.

According to the Zhitong Finance APP, data from the Passenger Car Industry Association shows that in July 2026, the retail sales of passenger cars nationwide reached 1.461 million units, a year-on-year decrease of 20.9% and a month-on-month decrease of 8.8%. So far this year, cumulative retail sales stand at 10.173 million units, down 20.3% compared to the same period last year. In July 2026, the domestic passenger car market exhibited a trend of "persistent overall pressure, weakening month-on-month, and extreme structural differentiation", highlighting characteristics of a downward trend during the off-season and further deepening structural adjustments within the industry.