TapTechNews August 9th news, the China Association of Automobile Manufacturers released the Automobile Industry Production and Sales Situation in July 2024 today. The data shows that in July, the auto market entered the traditional off-season, and some manufacturers迎来高温休假 (experienced high-temperature vacations), and the production and sales pace slowed down somewhat, and the overall market performance was relatively flat, showing a decrease both month-on-month and year-on-year. Among them, the production and sales of passenger cars and commercial vehicles both decreased month-on-month and year-on-year, and new energy vehicles and auto exports continued to maintain relatively rapid growth.
TapTechNews summarizes the main data as follows:
In July, the production and sales of automobiles were completed 2.286 million and 2.262 million respectively, decreasing by 8.8% and 11.4% month-on-month respectively, and decreasing by 4.8% and 5.2% year-on-year respectively.
In July, the production and sales of new energy vehicles were completed 984,000 and 991,000 respectively, increasing by 22.3% and 27% year-on-year respectively, and the new car sales of new energy vehicles reached 43.8% of the total new car sales.
From January to July, the production and sales of automobiles were completed 16.179 million and 16.31 million respectively, increasing by 3.4% and 4.4% year-on-year respectively, and the production and sales growth rates narrowed by 1.5 and 1.7 percentage points respectively compared to January-June.
From January to July, the production and sales of new energy vehicles were completed 5.914 million and 5.934 million respectively, increasing by 28.8% and 31.1% year-on-year respectively, and the new car sales of new energy vehicles reached 36.4% of the total new car sales.
In July, the production and sales of passenger cars were completed 2.03 million and 1.994 million respectively, decreasing by 6.8% and 10% month-on-month respectively, and decreasing by 4% and 5.1% year-on-year respectively.
From January to July, the production and sales of passenger cars were completed 13.917 million and 13.974 million respectively, increasing by 3.9% and 4.5% year-on-year respectively.