China Association of Automobile Manufacturers In the first four weeks of August, the retail sales of passenger vehicles reached 1356 million units, a year-on-year increase of 6%

In the first four weeks of August, China's retail sales of passenger vehicles reached 1356 million units, a 6% increase compared to the same period last year

【Phoneauto News】Date, Phoneauto learned that the China Association of Automobile Manufacturers (CAAM) has released the sales data of passenger vehicles in the first four weeks of August. The data shows that from August 1st to 27th, the retail sales of passenger vehicles reached 1.356 million units, a 6% increase compared to the same period last year, and a 3% increase compared to the previous month; the wholesale sales reached 1.433 million units, a 3% increase compared to the same period last year, and a 3% decrease compared to the previous month. In addition, CAAM statistics show that the average daily retail sales of passenger vehicles in the fourth week of August in the national market reached 58,000 units, a 7% increase compared to the same period last year, and an 8% decrease compared to the previous month.

Looking at the details, the average daily retail sales of passenger vehicles in the first week of August in the national market reached 40,000 units, a 1% decrease compared to the same period last year, and a 9% increase compared to the previous month; the average daily retail sales in the second week of August reached 49,000 units, a 13% increase compared to the same period last year, and a 16% increase compared to the previous month; the average daily retail sales in the third week of August reached 52,000 units, a 3% increase compared to the same period last year, and a 3% increase compared to the previous month; the average daily retail sales in the fourth week of August reached 58,000 units, a 7% increase compared to the same period last year, and an 8% decrease compared to the previous month.

In terms of the new energy market, from August 1st to 27th, the retail sales of new energy passenger vehicles reached 538,000 units, a 28% increase compared to the same period last year, and a 2% increase compared to the previous month; the wholesale sales of new energy vehicles reached 615,000 units, a 23% increase compared to the same period last year, and a 3% increase compared to the previous month. Since the beginning of this year, the cumulative retail sales of new energy vehicles have reached 4.265 million units, a 35% increase compared to the same period last year; the cumulative wholesale sales have reached 4.895 million units, a 39% increase compared to the same period last year.

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CAAM stated that this year is the first summer vacation after three years of control. The enthusiasm for travel and leisure is high, and purchasing or replacing vehicles for travel has become a new choice for some families, which is conducive to car consumption. However, the current complex and changeable external environment has a significant impact on consumer confidence, and the consumption confidence of some consumers is not strong. The demand for first-time purchases is far less than the demand for upgrades. Currently, various regions have rich consumer promotion activities, and the Ministry of Commerce is promoting the “Hundred Cities Joint Action” Auto Festival and the “Thousand Counties Ten Thousand Towns” New Energy Vehicle Consumption Season activities. Some regions have implemented a large number of consumption vouchers and other supporting measures, which are expected to boost the enthusiasm for car consumption.

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