China Automobile Dealers Association: It is expected that the total terminal sales of passenger cars in July will be around 1.9 million units.

According to the Zhitong finance and economics APP, the China Automobile Circulation Association announced that overall demand weakened in the market in July, with demand and purchase growth mainly driven by self-driving vacations in the summer. Manufacturers and dealers may slow down production and sales to some extent in July, and promotional efforts may weaken, leading to insufficient consumer purchasing power. In addition, the hot and rainy weather in July will also have a certain impact on consumers going to dealerships to buy cars, so it is expected that sales in July will decrease compared to June. Considering the above factors and the growth rate of dealer data in the first half of July, it is estimated that the total sales of passenger cars in July will be around 1.9 million units.