中汽协：7月乘用车产销分别完成229.3万辆和228.7万辆 环比下降6%和9.8%

Core Insights - The used car replacement policy in China has positively impacted the passenger car market, leading to a year-on-year increase in sales and production in July 2025 [1] - In the first seven months of 2025, both production and sales of passenger cars showed significant year-on-year growth [1] Production and Sales Performance - In July 2025, passenger car production reached 2.293 million units, while sales were 2.287 million units, reflecting a month-on-month decline of 6% and 9.8% respectively, but a year-on-year increase of 13% and 14.7% [1] - From January to July 2025, production totaled 15.838 million units and sales reached 15.841 million units, marking a year-on-year growth of 13.8% and 13.4% respectively [1][3] Segment Analysis - In July 2025, the production of crossover passenger vehicles saw rapid growth, while sales experienced a slight decline; all four major categories of passenger vehicles showed varying degrees of growth compared to the same month last year, with crossovers exhibiting the most significant increase [3] - For the first seven months of 2025, all four major categories of passenger vehicles also demonstrated different levels of growth compared to the previous year, with crossovers again showing the highest growth rate [3] Export Performance - In July 2025, passenger car exports totaled 499,000 units, reflecting a month-on-month decrease of 0.5% but a year-on-year increase of 25.2% [5] - From January to July 2025, total passenger car exports reached 3.103 million units, representing a year-on-year growth of 13.3% [5] Domestic Sales - In July 2025, domestic sales of passenger cars amounted to 1.788 million units, showing a month-on-month decline of 12.1% but a year-on-year increase of 12.1% [6] - For the first seven months of 2025, domestic sales totaled 12.738 million units, with a year-on-year growth of 13.4% [6]