车市“淡季不淡”

Group 1 - In July, China's automotive market showed resilience during the traditionally slow season, with production and sales reaching 2.591 million and 2.593 million units, respectively, marking year-on-year increases of 13.3% and 14.7% [1] - New energy vehicles (NEVs) emerged as a significant growth driver, with production and sales of 1.243 million and 1.262 million units in July, reflecting year-on-year growth of 26.3% and 27.4%, and accounting for 48.7% of total vehicle sales [1] - The cumulative production and sales of NEVs from January to July reached 8.232 million and 8.22 million units, with year-on-year growth of 39.2% and 38.5%, representing 45% of total vehicle sales [1] Group 2 - The "old-for-new" policy continues to show positive effects, with 280 million people applying for subsidies, contributing to a 10.8% increase in retail sales of passenger cars in the first half of the year [1] - The automotive industry is experiencing a positive shift due to commitments from 17 major automotive companies to control payment terms with suppliers to within 60 days, leading to improved supplier relationships [2] - The introduction of 88 new car models in 2023, including 5 pure electric and 3 plug-in hybrid models in July, has provided consumers with more choices [2] Group 3 - The implementation of a new subsidy policy for personal consumption loans in the automotive sector aims to reduce purchase costs for consumers, thereby enhancing purchasing power and stimulating sales [3] - Regions such as Guangxi, Yunnan, Gansu, and Shenzhen have restarted vehicle replacement subsidy policies, injecting new vitality into the automotive market [3] - The clarity of national policies is expected to stabilize consumer confidence and boost automotive consumption, ensuring steady industry performance in the second half of the year [3]