China Automobile Dealers Association: It is estimated that the terminal sales of passenger cars in July will be around 1.9 million units.

On July 18th, a survey released by the Industry Coordination Department of the China Automobile Dealers Association showed that overall market demand weakened in July, with the main driving force for demand and purchases coming from summer self-driving trips. Manufacturers and dealers may slow down production and sales to a certain extent in July, with promotional efforts weakening and consumer purchasing power insufficient. In addition, the hot and rainy weather in July also has a certain impact on consumers going to dealerships to buy cars, so it is expected that sales in July will decrease compared to June. Taking all factors into consideration, along with the growth rate of dealer data in the first half of July, it is estimated that the total sales of passenger vehicles in July will be around 1.9 million vehicles.