Core Insights - The domestic passenger car market is experiencing a "cooling" trend, with terminal sales reaching 1.849 million units in July, a month-on-month decline of 13.92%, although there is still a year-on-year growth of 1.7% [1] - From January to July, cumulative sales of domestic passenger cars reached 12.611 million units, reflecting a year-on-year increase of 7.1%, with 265 cities achieving year-on-year growth, indicating a long-term positive market trend [1] Sales Performance - First-tier cities continue to dominate sales rankings, with Beijing, Chengdu, and Shanghai occupying the top three positions in July, selling 56,100, 51,900, and 47,400 units respectively; however, all three cities experienced month-on-month declines of 13.75%, 10.21%, and 9.78% [1] - Chengdu showed resilience with a year-on-year cumulative sales growth of 3.27% from January to July [1] City-Specific Trends - Some cities exhibited significant fluctuations in sales; Xi'an saw a sharp month-on-month decline of 25.09%, while Tianjin experienced a drastic drop of 44.03% [1] - In contrast, Changsha demonstrated strong performance with a month-on-month sales increase of 19.38% [1] - Zhengzhou maintained a stable performance in July, ranking sixth nationally with sales of 38,590 units, reflecting stability in the local automotive consumption market [1]