China's auto market hit by 13th-month-in-a-row YoY decline

Shanghai (Gasgoo)- Vehicle sales in China, the world's largest auto market, presented the 13th-month-in-a-row year-on-year decline by the end of July 2019.

In July, China's auto sales reached 1,808,000 units, sliding 4.3% compared with the year-ago period, versus the 9.6% decline in June sales.

However, compared with the auto sales number in June, the country still posted a double-digit decrease of 12.1% partly because the market entered the traditional off-season.

For the first seven months, year-to-date vehicle sales totaled 14,132,000 units, an evident decline of 11.4% over the prior-year.

Both PV and CV sales in July showed downturn from the year-ago period. As for the PV sector, SUV sales climbed 6.4% year on year, while it still failed to offset the decline brought by car, MPV and minibus parts.

Besides, sales of cars, SUVs and MPVs in July were decreased 14.5%, 9% and 12.2% over the previous month, while only the minibus section achieved a month-on-month growth of 14.4%.

Regarding year-to-date performance, all sections of PV recorded double-digit drop.

（Photo source: ORA)

For the month of July, China sold roughly 80,000 NEVs, a decrease of 4.7% over a year earlier due to PHEV sales' decline of 20.6%. BEV sales edged up 1.6% from the prior-year to 61,000 units.

From January to July, a total of 699,000 NEVs were sold in China with a significant year-on-year surge of 40.9%. Cumulative sales of BEVs and PHEVs were 551,000 units (+47.8%) and 146,000 units (+18.9%). Sales number of fell cell vehicles amounted to 1,106 units so far this year.