Shanghai (Gasgoo)- Gasgoo Auto Research Institute (GARI) has already released this year's 7th report about China's monthly PV market. We hereby rounded up some highlights and afterwards attached part of the valuable report
1）PV wholesales posted a narrower decline of 2.7% YoY, reaching 1.52 million units in July 2019. The YTD wholesales totaled 11.45 million units and had a decrease of 12.7% YoY (PVs hereby refer to China's locally-produced cars, SUVs and MPVs).
2）From CADA, total inventory index reached 1.75 in July 2019, 27% higher than the index in June 2019. China-owned OEMs posted an index of 2.15 in July 2019, compared with the 1.65 of JV OEMs.
3）Car segment had an YTD market share decrease from 50.0% to 49.7% YoY. The NEV Car thereof still acted as the main driver with its share up to 7.2% in YTD 2019.
4）Chinese indigenous PV wholesales dropped 12.9% YoY in July 2019. Its market share also continued a sliding trend, posting a weak resistance against depressive market environment.
5）NEV market decreased 2% YoY in July 2019. Due to the implementation of new subsidy policy, some market demands were overdrew earlier but also would bring negative effects for the coming months.
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