零售与批发均创单月新高 7月车市淡季不淡

Group 1 - The retail volume of passenger cars in China reached 12.728 million units in the first seven months of the year, representing a year-on-year increase of 10.1% [1] - In July, the retail volume of passenger cars was 1.826 million units, up 6.3% year-on-year, and 3% higher than the historical peak of 1.768 million units in July 2023 [1] - Domestic brands showed significant growth, with retail sales of 1.21 million units in July, a 14% increase year-on-year, and their market share rising to 65.9%, up 4 percentage points [1] Group 2 - The wholesale volume of passenger cars also reached a historical high in July, with 2.221 million units, a 13% year-on-year increase [2] - New energy vehicles (NEVs) were a key driver of growth, with wholesale sales of 1.181 million units in July, up 24.4% year-on-year, and retail sales of 987,000 units, a 12% increase [2] - The market share of new force brands in the NEV segment reached 21.4%, an increase of nearly 2 percentage points year-on-year [2] Group 3 - Inventory pressure in the car market is easing, with total inventory decreasing by 90,000 units in July, and the dealer inventory warning index at 57.2%, down 2.2% year-on-year [3] - The number of models with price reductions in July was 17, compared to 23 in the same month last year, indicating a stabilization in the price war [3] - The market outlook for August is optimistic, with new model launches expected to boost retail sales, and government subsidies supporting consumption policies [3]