Price of imported autos drops slightly while Chinese brands rise in July
In July, vehicle prices remained stable in China's auto market, with China-made vehicle prices increasing slightly and imported vehicle prices dropping slightly, according to a survey by the National Development and Reform Commission (NDRC).
The results issued by the NDRC on August 12 show that in July, imported vehicle prices dropped slightly, down by 1.36 percent month-on-month but up by 6.58 percent year-on-year. Among them, the price of imported sedans and SUVs dropped by 0.45 percent and 2.56 percent month-on-month respectively, causing their year-on-year growth rates to fall to 3.13 percent and 11.57 percent respectively.
In July, China-made vehicle prices rose by 0.46 percent month-on-month and rose by 0.37 percent year-on-year. Among them, the prices of passenger vehicles and commercial vehicles increased slightly, with passenger vehicle prices up by 0.46 percent month-on-month, but down by 2.76 percent year-on-year; commercial vehicle prices were up by 0.46 percent month-on-month, and up by 4.67 percent year-on-year.
The NDRC predicts that with the effective support of demand, vehicle prices in China will remain stable with a trend of small fluctuations that will remain for some time to come.
