Lates News

The China Automobile Dealers Association said that after entering June, manufacturers have intensified their promotional efforts to impact quarterly and semi-annual sales targets, directly driving up terminal sales. The latest research results show that by mid-June, the overall discount rate in the car market is about 24.8%. The top manufacturers, which account for more than 80% of the total market retail volume, have seen their retail targets for this month increase by 15% compared to May last year and by about 4% compared to last month. It is estimated that the total narrow passenger car retail market for this month is about 2 million units, an increase of 13.4% compared to last year and an increase of 3.2% compared to last month. The retail of new energy vehicles is expected to reach 1.1 million units, with a penetration rate of about 55%.