Passenger Federation: The retail sales of new energy vehicles in July is expected to be 450,000, a year-on-year increase of 102.5%

Entering July, the epidemic situation across the country was generally stable, the supply chain and vehicle production were operating normally, and the situation of insufficient supply had improved. After the local consumption policy expired at the end of June, there were many delays or the introduction of a second round of subsidies, which continued to support the auto market, and the market continued to heat up.

The Passenger Car Association said that the overall market discount rate for passenger cars in mid-July was about 13.7%, and the overall price remained stable from the previous month (13.7%). Under the pressure of annual tasks, manufacturers continued to exert their efforts. According to the July retail target survey, manufacturers accounting for about 80% of the overall market achieved double-digit year-on-year growth. It is preliminarily estimated that the narrow passenger car retail market this month is 1.77 million vehicles. About 450,000 units of new energy retail, a year-on-year increase of 17.8%.

Among them, the daily average of major manufacturers’ retail sales in the first and second weeks was 16% and 16% respectively year-on-year. With the continuation of local consumption policies, the auto market has gradually improved. It is expected that the market will climb steadily in the third week, with a year-on-year increase of about 19%. In the fourth week, it will enter the end-of-month impulse stage. Considering the low base due to the shortage of chips in the same period last year, it is expected that the average daily retail sales will reach about 17% year-on-year.

According to comprehensive estimates, retail sales in July will reach 1.770 million units, a year-on-year increase of 17.8%. The retail sales of new energy is expected to be 450,000 units, a year-on-year increase of 102.5%.