7月商用车销31万辆 重卡9万大涨46% 新能源出口增77%

Core Viewpoint - The automotive market in July experienced a seasonal decline due to traditional off-peak periods, but the overall industry showed growth driven by policies like trade-in incentives and new model launches, particularly in the electric vehicle sector [1]. Group 1: Overall Market Performance - In July 2025, China's automotive production and sales reached 2.591 million and 2.593 million units, respectively, with month-on-month declines of 7.3% and 10.7%, but year-on-year increases of 13.3% and 14.7% [1]. - From January to July 2025, cumulative automotive production and sales were 18.235 million and 18.269 million units, reflecting year-on-year growth of 12.7% and 12% [1]. Group 2: Commercial Vehicle Performance - In July, commercial vehicle sales reached 310,000 units, marking a year-on-year increase of 14% [2]. - Commercial vehicle production and sales in July were 298,000 and 306,000 units, with month-on-month declines of 15.8% and 17.1%, but year-on-year increases of 16.3% and 14.1% [3]. - From January to July 2025, commercial vehicle production and sales totaled 2.397 million and 2.428 million units, with year-on-year growth of 6% and 3.9% [5]. Group 3: Truck Performance - In July, truck production and sales were 254,000 and 264,000 units, with month-on-month declines of 16.3% and 16.4%, but year-on-year increases of 15.1% and 13.8% [7]. - Heavy truck sales reached 85,000 units in July, showing a year-on-year increase of 45.6% [6]. - From January to July 2025, truck production and sales were 2.092 million and 2.121 million units, with year-on-year growth of 5.4% and 3.1% [10]. Group 4: Passenger Vehicle Performance - In July, passenger vehicle production and sales exceeded 40,000 units, with light passenger vehicles growing by 16% [12]. - Passenger vehicle production and sales from January to July 2025 were 305,000 and 307,000 units, reflecting year-on-year growth of 10.3% and 9.7% [15]. Group 5: Export Performance - In July, commercial vehicle exports reached 76,000 units, with a month-on-month decline of 16% but a year-on-year increase of 8% [19]. - From January to July 2025, commercial vehicle exports totaled 577,000 units, marking a year-on-year increase of 10.2% [21]. - New energy commercial vehicle exports in July were 5,000 units, with a year-on-year increase of 76.5% [26]. Group 6: Policy Impact - The Central Political Bureau's meeting on July 30 outlined macroeconomic policies to stimulate domestic demand and optimize market competition, which is expected to boost consumer confidence and automotive consumption in the second half of the year [27].