Shulou(Shulou.com)11/24 Report--

CTOnews.com August 18 news, the Secretary General of the Federation of passengers Cui Dongshu said today that the production of passenger car companies across the country increased greatly in July, and retail sales were relatively hot, resulting in a slight increase in national passenger car inventory to 3.48 million units at the end of July, including 750000 units from manufacturers and 2.73 million units from channels.

Specifically, factory inventory accounted for 21.6% of inventory at the end of July, up 1.6 percentage points from July last year and 0.5 percentage points from the previous month. Due to the continued high retail expectations from August to October, the current inventory of 3.48 million units at the end of July to support future sales is 56 days, which is relatively reasonable.

Cui Dongshu, the official account of ▲ Tuyuan "Cui Dongshu", said that retail sales of passenger cars reached 1.77 million in July 2023, down 2.3 per cent from a year earlier and 6.3 per cent from the previous month. Retail sales in July were the second-highest in history, with a strong trend. As the Spring Festival this year is the earliest in this century, under the influence of wait-and-see factors such as the expected stimulus policy and the promotion war of the old inventory in the sixth year, retail sales in the passenger car market have accumulated 11.299 million vehicles so far this year, an increase of 1.9% over the same period last year.

Inventory of joint venture brands fell sharply month-on-month in July, while inventory of proprietary and luxury cars rose slightly. The inventory of the mainstream joint venture car companies in recent months has dropped sharply compared with the end of last year, reflecting the strong risk awareness of the joint venture and the substantial improvement in inventory safety.

According to previous reports by CTOnews.com, Cui Dongshu also said that social car production fell by 4% in July 2023, with 750000 new energy vehicles produced, with a penetration rate of 32.4%. At present, the relationship between cars and real estate sales is 43 square meters of new houses and a car.

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