The impact of chip shortages is still uncertain, and the auto market is expected to continue to decline in July

In June this year, due to factors such as chip shortages and insufficient terminal demand, the auto market continued to show a downward trend

Now, half of July is over, and from the current point of view, the sales momentum of this month is still not good

Recently, according to the data reported by 11 key automobile enterprises in the industry, the China Automobile Association showed that in early July this year, 11 key enterprises completed 389,000 automobile production, a year-on-year decrease of 37.

In addition, according to the data of the Passenger Federation, the market retail sales of major manufacturers of the Passenger Federation in the first week of July (1-11) reached an average of 30,752 vehicles per day, which was basically the same as the same period last year.

As in June, the weak performance of the auto market in early July was not unrelated to the shortage of chips

At present, the shortage of chips continues

It can be said that the entire automobile market is currently in a passive destocking stage

The China Automobile Dealers Association pointed out that in the current automobile market, the production of luxury and joint venture brand mid-to-high-end products has slowed down due to the shortage of chips, and the product delivery has been delayed, which has brought greater uncertainty to the sales and sales of the automobile market in July.

At present, many people in the industry believe that the problem of chip shortage will be alleviated in the third quarter, especially in the fourth quarter

In addition to the shortage of chips, the lack of terminal demand also continued to affect the auto market in July

Looking back on May, the May 1st holiday partially replaced the Spring Festival holiday, and a large number of people traveled back to their hometowns, which in turn affected store entry and transaction volume.

It is based on the consideration of the above factors, the China Automobile Dealers Association said that the characteristics of the off-season market in July will be more obvious, and sales are expected to continue to decline, down by about 5% month-on-month

Of course, it should be pointed out that in terms of the auto market in July, there are also positive factors

In addition, according to the analysis of the Federation of Passenger Transport Associations, due to the current impact of the lack of cores, the production and sales pace of some manufacturers in early July was relatively slow.

The China Circulation Association also stated that although July is a traditional low season, it is expected that the demand in June has not been fully realized due to the impact of chips, and the demand has been delayed.