Total car sales fell 5percent in July: FAW Volkswagen sold the most

category:Finance
 Total car sales fell 5percent in July: FAW Volkswagen sold the most


July Comprehensive Sales List

Comparing with the comprehensive sales ranking in June, the rankings of FAW Volkswagen, SAIC Volkswagen, SAIC GM and Dongfeng Nissan in the top four have not changed. Geely Automobile, FAW Toyota and Guangzhou Automobile Toyota rose from sixth, eighth, twelfth in June to fifth, sixth and tenth in July, Dongfeng Honda and Guangzhou Automobile. Auto Honda remained seventh, while SAIC GM Wuling dropped from fifth in June to eighth in July.

Consolidated Sales List of Manufacturers in June

In addition, in Julys comprehensive sales ranking bulletin, the sales lists of different models were counted. In the new energy passenger vehicle list, Beiqi EU series is far ahead with sales of 8937 vehicles, more than twice the second-place BYD EV4320, while Baojun New Energy and Aian rank third and fourth with 3553 and 3406 vehicles. The remaining 10 new energy vehicles also sold more than 2,000 vehicles in July.

On August 9, the National Passenger Car Market Analysis of July 2019 issued by the Riding Federation pointed out that 645,000 new energy passenger cars were wholesaled from January to July 2019, an increase of 53.7% over the same period last year. Due to the sharp increase in sales costs brought about by the decline of subsidies at the end of June, it is difficult for all sectors of production and marketing to respond to such cost changes quickly. In July, the wholesale sales of new energy passenger cars were 68.8 million units, down 4.2% year on year and 48% year on year. In July, the wholesale growth rate of pure electric passenger cars increased 9% year-on-year, the ring-to-ring ratio decreased 54%, the mixed model decreased 27% year-on-year and the ring-to-ring ratio decreased 16%.

Sales of New Energy Vehicles in July

Judging from the overall market, the production and marketing situation of the automobile market in July is still not optimistic.

According to the statistics of the Ride Federation, the retail sales of passenger cars in July were 1.485 million units, down 5.0% year on year and 15.9% year on year. The retail sales of passenger cars in the narrow sense dropped by 8.8% from January to July this year, and the retail sales growth rate in July was better than the cumulative annual growth rate.

According to the analysis report of the Federation, the actual retail growth rate in July is still significantly negative, which is mainly due to the fact that the normal retail price of Guo-6 model is significantly higher than that of Guo-5 model during the clearance period, and the overdraft factor of the transformation of a large number of potential customers promoted by Guo-5 model has a greater impact on the retail sales in July. Considering the general trend of retail sales from June to July, the growth rate of retail sales has gradually stabilized at a low base.

With regard to the prospect of the national passenger car market in August, the Riding Federation said that there were 22 working days in August this year, which was a month with a long production time. Although some automobile companies concentrated their August holidays, with the gradual arrival of the announcement catalogue of the six models and the supporting supply, the potential of production and sales rebound in August is greater. Market analysis report shows that the current complex and changeable external environment has a greater impact on consumer confidence. Some consumersconsumer confidence is not strong, and the performance of the first purchase demand is far inferior to that of the exchange demand. The housing market has brought greater pressure on residentsdebt, which has a greater impact on the purchasing power of the automobile market, and is not conducive to the resumption of growth of independent brands. For manufacturers and distributors, in July, in the spirit of health and recuperation, the main strategy is recycling promotion and price stabilization, in order to maintain the brand image. The arrival of the new car market in August will be a strong factor in the gradual recovery of the retail sales in the car market. With the withdrawal of the old new energy garage from the market, the performance of the new electric vehicles has been generally enhanced, and the Ride Federation expects that after a short period of decline, it will gradually grow. Source of this article: Pengchao News Responsible Editor: Zhang Mei_NF2100

With regard to the prospect of the national passenger car market in August, the Riding Federation said that there were 22 working days in August this year, which was a month with a long production time. Although some automobile companies concentrated their August holidays, with the gradual arrival of the announcement catalogue of the six models and the supporting supply, the potential of production and sales rebound in August is greater.

Market analysis report shows that the current complex and changeable external environment has a greater impact on consumer confidence. Some consumersconsumer confidence is not strong, and the performance of the first purchase demand is far inferior to that of the exchange demand. The housing market has brought greater pressure on residentsdebt, which has a greater impact on the purchasing power of the automobile market, and is not conducive to the resumption of growth of independent brands. For manufacturers and distributors, in July, in the spirit of health and recuperation, the main strategy is recycling promotion and price stabilization, in order to maintain the brand image. The arrival of the new car market in August will be a strong factor in the gradual recovery of the retail sales in the car market.

With the withdrawal of the old new energy garage from the market, the performance of the new electric vehicles has been generally enhanced, and the Ride Federation expects that after a short period of decline, it will gradually grow.