Branch Association: In June, the narrow definition of retail sales of passenger vehicles is expected to reach 2.0 million units, with new energy vehicles expected to reach 1.1 million units.

According to the Passenger Car Association, after entering June, manufacturers have intensified their promotion efforts to impact quarterly and semi-annual targets, directly driving terminal sales. The latest research results show that the overall discount rate in the car market was about 24.8% in mid-June. The top manufacturers, whose retail volume accounts for more than 80% of the total market, have increased their retail targets by 15% compared to the same month last year, an increase of about 4% from the previous month. It is estimated that the total retail market for narrow passenger cars this month is around 2 million, an increase of 13.4% compared to last year and an increase of 3.2% from the previous month. It is expected that the retail of new energy vehicles will reach 1.1 million, with a penetration rate of around 55%.