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.
Gasgoo not only offers timely news and profound insight about China auto industry, but also help with business connection and expansion for suppliers and purchasers via multiple channels and methods. Buyer service: firstname.lastname@example.org Seller Service: email@example.com
All Rights Reserved. Do not reproduce, copy and use the editorial content without permission. Contact us: firstname.lastname@example.org.