AutoBeta(AutoBeta.net)06/29 Report--

According to the latest passenger car sales data released by the Federation of passengers, the growth rate in the first three weeks of June is 3.3%, and the growth rate in the third week of June is slower than that in the second week. Retail sales of domestic passenger car manufacturers have rebounded, and sales have rebounded to the level of the same period last year, which is also slightly better than the same period last month.

However, the FIFA and Wilson issued a joint forecast report. In the report, the overall wholesale volume of the Chinese passenger car market is expected to be 1.54 million in July, a decrease of 1.7 per cent compared with July 2018. According to a joint report released by the Federation of passengers and Wilson, the car market is expected to reach 800000 in July, down 2.3% from a year earlier, up 2.5% from May, up 2.5% from May, shrinking 7.5% from a year earlier, down 7.4% from May, up 0.1% from a year earlier, and down 2.0% from May.

The Federation of passengers and Wilson believe that in July this year, affected by the implementation of the six emission standards, the main factors affecting the wholesale volume in July were the macroeconomic downturn and the decline in seasonal car consumption. Of these, the macroeconomic downturn may lead to a 4.7% reduction, while a seasonal decline in car consumption will result in a 1.9% reduction.

While the decline in macroeconomic and seasonal car consumption has brought about a reduction in volume, the "downward" trend in China's auto market may be inherited. According to the HKIFA and Wilson, the sales pressure faced in July can be imagined. With the arrival of the off-season of car sales, the incremental pressure increased in July.

China's auto market "stop falling" may come ahead of time. The decline in seasonal car consumption resulted in a 1.9% reduction, and there was also a certain positive increase in wholesale volume in China's passenger car market in July. For example, affected by the implementation of national six emission standards, dealers are relatively cautious in wholesale in May, while dealers may gradually increase wholesale in June and July, which can bring an increase of about 0.8%. In the market and retail, dealer inventory pressure is decreasing, which will also bring an increase of about 1.8%. In order to achieve its annual sales target, the mainframe factory will gradually increase its wholesale volume to dealers, which will also bring an increase of about 1.5%.

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