The Zhitong Finance App learned that Cui Dongshu, Secretary General of the Passenger Transport Association, published an article stating that at the end of July 2026, the national passenger car industry inventories were 3.22 million vehicles, down 210,000 units from the previous month and 70,000 units from July 2025, forming a trend where inventory continues to decline. Among them, manufacturer inventory accounted for 29.1%, which is a relative decline. In July 2026, the total inventory of companies that only produced new energy vehicles remained at 790,000 units, the same as the previous month, an increase of 10,000 units from the peak inventory in November 2025, but an increase of 10,000 units from 780,000 units in July 2025. Recently, the manufacturer and channel inventories of new energy dealers faced lower than expected retail sales in the market, and the overall pressure on industry inventories was high.

The Zhitong Finance App learned that Cui Dongshu, Secretary General of the Passenger Transport Association, published an article stating that at the end of July 2026, the national passenger car industry inventories were 3.22 million vehicles, down 210,000 units from the previous month and 70,000 units from July 2025, forming a trend where inventory continues to decline. Among them, manufacturer inventory accounted for 29.1%, which is a relative decline. In July 2026, the total inventory of companies that only produced new energy vehicles remained at 790,000 units, the same as the previous month, an increase of 10,000 units from the peak inventory in November 2025, but an increase of 10,000 units from 780,000 units in July 2025. Recently, the manufacturer and channel inventories of new energy dealers faced lower than expected retail sales in the market, and the overall pressure on industry inventories was high.