行业综合整治“内卷”取得积极进展 7月汽车销量同比增长14.7%

Core Viewpoint - The Chinese automotive market showed resilience in July 2025, with year-on-year growth despite a seasonal decline in production and sales, driven by policies and market adjustments [1][2]. Group 1: Production and Sales Data - In July 2025, China's automotive production and sales reached 2.591 million and 2.593 million units, respectively, reflecting a month-on-month decline of 7.3% and 10.7%, but a year-on-year increase of 13.3% and 14.7% [1]. - From January to July 2025, automotive production and sales totaled 18.235 million and 18.269 million units, marking year-on-year growth of 12.7% and 12% [1]. Group 2: Market Trends and Policies - The "trade-in" policy and efforts to reduce market competition have positively impacted the automotive market, contributing to a year-on-year sales increase of 12.6% in July [2]. - Traditional fuel vehicles showed signs of recovery, with July sales reaching 980,000 units, a year-on-year increase of 8.4%, marking two consecutive months of positive growth [2]. Group 3: Export Performance - In July 2025, China exported 575,000 vehicles, a year-on-year increase of 22.6%, with traditional fuel vehicle exports at 350,000 units, showing a year-on-year decline of 4.3% [3]. - New energy vehicle exports reached 225,000 units in July, a year-on-year increase of 120%, contributing to 35.5% of total automotive exports from January to July 2025 [3]. Group 4: Industry Outlook - The China Automotive Industry Association (CAAM) maintains a positive outlook for the automotive market in 2025, anticipating a peak in vehicle purchases in the fourth quarter due to the expiration of tax exemptions for new energy vehicles [5]. - The government is implementing policies to stimulate consumer confidence and support automotive consumption, which is expected to stabilize the market in the second half of the year [5].