Automotive Sep 14, 2021 08:41 AM (GMT+8) · EqualOcean
Financial Associated Press, September 14 (Xinhua) -- CITIC Securities research report pointed out that in August, automobile sales reached 1.799 million, a month on month increase of - 3.5%. The sales volume of passenger cars reached 1.552 million, with a month on month ratio of - 0.0% and a year-on-year ratio of - 11.7%. Affected by the chip supply, passenger cars continued to be under pressure, but the month on month decline narrowed significantly, better than market expectations. It is expected that the pressure of core shortage in the industry will gradually ease in September, the trend of "demand is better than supply" will not change, and the opportunity to replenish inventory is clear. The sales volume of commercial vehicles reached 247000, with a month on month ratio of - 20.9% and a year-on-year ratio of - 42.8%, which is in line with expectations. The sales volume of Q3 industry may face great downward pressure, but the sales volume of Q4 industry is expected to gradually pick up. The production and sales of new energy vehicles will continue to refresh the historical record, and the annual sales volume will exceed 3 million with great probability.