Mei Ri Jing Ji Xin Wen·2025-08-20 00:24Core Viewpoint - The automotive market in July experienced a seasonal decline in sales volume compared to the previous month, but maintained strong year-on-year growth, indicating a "not-so-slow" off-season [1] Group 1: Market Performance - July saw a month-on-month decline in automotive sales, typical for the traditional off-season [1] - Year-on-year growth in sales remains robust, showcasing strong terminal demand [1] Group 2: Policy and Demand Support - The reintroduction of replacement subsidies in certain regions is expected to provide support for domestic demand [1] - The penetration rate of new energy vehicles in the domestic passenger car market has reached a historical high, indicating a positive trend [1] Group 3: Supply Dynamics - New supply dynamics are anticipated to drive a continuous month-on-month increase in vehicle sales [1]