According to the latest survey by the Passenger Car Association, the target retail sales of top manufacturers, which account for about 80% of the total market retail sales, decreased by -1.7% year-on-year and -2.2% month-on-month. It is estimated that the total retail market size of passenger vehicles in July was approximately 1.73 million vehicles, with a slight decrease of about 2.0% year-on-year and month-on-month. The rapid growth of plug-in hybrids is a favorable support for the new energy market, and the retail sales of new energy in July is expected to reach 0.86 million, which is basically the same as June, and the penetration rate is expected to further increase to 49.7%.
乘联分会：7月狭义乘用车零售预计173.0万辆 同环比均降2%左右
The Passenger Vehicle Branch Association: The narrow definition of passenger vehicle retail sales in July is expected to be around 1.73 million units, which is a decrease of about 2% from the same period last year.
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