China's auto sales increased nearly 30% Year-on-year

(reporter Liu Yue) from the China Automotive Technology Research Center held in the "China Automotive Industry Development Information Release meeting" learned that this year, in the national industrial policy, under the influence of domestic automotive overall market as hot as the heat to maintain a warm sales momentum. According to the statistics of the center, July, the National auto production completed 1.238 million units, an increase of 12.88%, sales completed 1.0562 million units, an increase of 17.18%.　　From 1 to July, the cumulative sales volume of automobiles was 9.7103 million and 8.2414 million respectively, with a cumulative growth of 39.42% and 28.58% respectively. Zhao Hang, director of China Automotive Technology Research Center, said that the first 7 months of this year, China's auto market to achieve a stable and rapid growth is mainly effective: in the first half of 2010, China's national economy overall situation is good, GDP growth of 11.1% per cent;　　The grant of subsidy is 7.89 billion yuan, 1.426 million cars are subsidized, the car is improved by the old new standard, the subsidy fund is 2.42 billion yuan, the subsidy vehicle is 174,000 vehicles, a variety of new cars are listed, the dealer sales promotion is increasing; 1.6L and below the passenger car purchase tax reduction policy continues, energy saving and new energy vehicle subsidy policy issued. On how to view the car inventory cycle growth and some of the production and sales data chain decline, the industry believes that by July, the car inventory cycle continued to grow monthly, from June 55 days to 58 days. In this respect, we should analyze the monthly changes of China's auto market in normal years, the highest year for auto production and sales, and then fall month by year to reach the trough of production and sales by 7 August. From 9, October began to warm, 11, December and reached a new high car production and sales highs. So a small decline in the car market is a normal performance.