Goodbye to "Price Wars" after July Auto Market Landscape Shifts

Everyday Economic News reporter, Du Sihan. Everyday Economic News editor, Bi Jianru. Intern editor, Yu Tingting.

In July, under the background of "anti-competition", the auto industry returned to rationality.

According to data from the China Automobile Association's Passenger Car Market Information Committee (hereinafter referred to as the Passenger Car Market Information Committee), in July, new energy vehicles and gasoline-powered vehicles had average price drops of RMB 1.7 million and RMB 1.3 million, respectively, with a decline rate of 11.1% and 10.4%, respectively, which is relatively low.

After the "price war" phenomenon was effectively curbed, major carmakers' sales data in July also became more moderate, with many companies even experiencing a decline in sales compared to the previous year.