China July Auto Market Data Review: Retail 1.506M Units, Down 18% YoY; NEV Penetration 64.4%; Dealer Inventory Factor 1.48
In July 2026, China's passenger car retail sales reached 1.506 million units, down 18% YoY; NEV retail was 970,000 units with a 64.4% penetration rate. The dealer inventory factor stood at 1.48, down 6.3% MoM. CPCA expects August to show "weak total recovery with strong structural divergence"; notably, no new ICE models launched in July while 25 new range-extended models dominated.
4394 hours ago
