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CPCA Expects CN Aug Pax. Car Mkt to Continue Stable Production Trend Based on Sales
Recommend 39 Positive 57 Negative 17 |
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Due to the initiation of the trade-in policy in July 2024, the China Passenger Car Association (CPCA) stated that the sales base for August 2025 will be relatively high. In late July 2025, the third batch of subsidy funds was distributed to various regions, and it is expected that the trade-in policy will be restarted in some areas of Chongqing, with more diversified subsidy methods, which are expected to improve the growth rate in August. Given the high production enthusiasm of manufacturers at the beginning of this year, the industry did not exhibit the destocking characteristics seen in previous years at the beginning of the year. By the end of June, inventory reached 3.32 million units, with an inventory turnover of 49 days. The inventory levels of internal combustion engines vehicles (ICEVs) and new energy vehicles (NEVs) are at relatively reasonable levels, therefore August is forecast to continue the stable production trend based on sales. AASTOCKS Financial News Website: www.aastocks.com |
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