China Automobile Association: July passenger car sales of 1.551 million units, a year-on-year decline narrowed to 7%

　　Sino-Singapore Jingwei Client, August 19, according to the "China Automobile Manufacturers Association" WeChat message on the 19th, according to the statistics and analysis of the China Automobile Association, in July 2021, the passenger car market remained stable in July 2021, with a slight month-on-month decrease and a year-on-year decrease It is narrower than last month.

　　Source: China Automobile Association

　　In July 2021, the

month-on-month, respectively. The decline was 3 and 4.1 percentage points smaller than that in June.

Compared with 2019, passenger vehicle production and sales increased by 1.3% and 1.1% year-on-year, and the growth rate of production and sales turned from negative to positive compared with June.

　　In January-July 2021, the production and sales of passenger vehicles were 11.394 million and 11.56 million respectively, an increase of 20.1% and 21.2% year-on-year, respectively, and the growth rate continued to drop by 6.7 and 5.8 percentage points from January to June.

Compared with the same period in 2019, production and sales fell by 1.2% and 1% year-on-year, respectively, and the rate of decline narrowed by 0.4 percentage points from the January-June period.

　　Source: China Automobile Association

　　Data show that in July 2021, domestically produced luxury cars sold 255,000 units, a year-on-year decrease of 6.4%, and the rate of decline expanded by 4.4 percentage points from June.

　　From January to July of 2021, the sales volume of domestically produced luxury cars reached 1.99 million, a year-on-year increase of 37.9%, which was 16.7% higher than the cumulative growth rate of passenger cars.

(Zhongxin Jingwei APP)