Recently, the China Automobile Dealers Association released “in August 2020, monthly price and market insight,” said the overall passenger car market continues to recover current, 2020, July-August due to the demand for the same period last year, the country is clear library V promotional overdraft, sales plunged at a low base comparison, achieved a higher increase.
Meanwhile, the “Report” is expected to start with the same period sales rise, growth is slowing down in September. But the luxury market growth is good, or will continue to bring to market an ideal growth contribution.
Moreover, the content of “report” shows that the overall market price index in August was 95.7 percentage, a decline of 0.5 percentage. Analysts believe that due to the early impact of the epidemic by the suppression of market demand continues to release, price promotions are an important way to seize the market demand, causing prices index declined significantly.
It is worth noting that the luxury car market in August sales momentum is good, the price index fell by 0.2 percentage. And Audi, Mercedes, BMW three major brands in July year on year sales have maintained double-digit growth, Lexus, Volvo, Cadillac also year on year growth of more than 20 percentage.
Write: Song Yuting