Sales of new energy vehicles increased by 28% year-on-year in August, and market popularity continues to rise

According to the latest data, China’s passenger car market has shown a certain sales growth trend in the first four weeks of August. Data show that from August 1st to 27th, retail sales in the nationwide passenger car market reached an astonishing 1.356 million units, an increase of 6% compared to the same period last year. Although it was down slightly compared to the same period last month, it still maintained a 3% growth. At the same time, the manufacturer's wholesale sales reached 1.433 million vehicles, an increase of 3% compared to the same period last year. However, there was a 3% decline compared to the same period last month.

According to my understanding, further analysis After looking at the data, we can take a more detailed look at sales in August. Average daily retail sales in the first week were 40,000 units, a slight decrease compared with the same period last year, but a 9% increase compared with the same period last month. The data for the next week showed a more positive trend, with average daily retail sales reaching 49,000 vehicles, an increase of 13% year-on-year, and an increase of 16% compared with the same period last month. The performance in the third and fourth weeks was also relatively stable, with average daily retail sales reaching 52,000 and 58,000 vehicles respectively, an increase of 3% and 7% respectively compared with the same period in August last year. However, compared with the same period last month , there were declines of 3% and 8% respectively

In August, the new energy vehicle market continued to maintain strong growth momentum. It is understood that from August 1st to 27th, the retail sales of new energy passenger vehicles reached 538,000 units, an increase of 28% year-on-year and an increase of 2% compared with the same period last month. In terms of manufacturer wholesale, sales of new energy vehicles also showed a positive trend, reaching 615,000 units, an increase of 23% year-on-year and an increase of 3% compared with the same period last month. Since the beginning of this year, the cumulative retail sales of new energy vehicles have reached an astonishing 4.265 million units, a year-on-year increase of 35%. At the same time, the cumulative wholesale sales have also reached 4.895 million units, a year-on-year increase of 39%

Passenger Car Association Said that this year is the first summer vacation after the implementation of the three-year automobile market control policy. Rising enthusiasm for travel and entertainment has boosted consumer willingness to buy and replace cars. However, the current complex and changeable external environment has had a certain impact on consumer confidence. Some consumers are not confident enough, and the demand for first-time car purchases is relatively weak compared to the demand for replacement. In order to stimulate automobile consumption, various promotional activities have been carried out in various places. The Ministry of Commerce has promoted activities such as the "Hundred Cities Linked" Automobile Festival and the "Thousand Counties and Ten Thousand Towns" new energy vehicle consumption season. Some regions have also implemented auxiliary measures such as consumer vouchers, which are expected to further stimulate consumption enthusiasm in the automobile market

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