Cui Dongshu of the Passenger Transport Association published an article stating that the weakening of the car market in July 2026 was due to the resonance of multiple factors such as a rebound in oil prices, weak macroeconomic conditions, seasonal off-season, early demand overruns, and policy changes. The geographical conflict caused disturbances in navigation in the Strait of Hormuz, driving international oil prices to fluctuate upward. Domestic gasoline prices rose by a total of 1,575 yuan/ton in 2026, drastically increasing vehicle costs. Consumer demand for fuel passenger vehicles has shrunk sharply, but the impact on commercial vehicles is minimal. Meanwhile, in July, CPI and PPI declined month-on-month, and the PMI boom declined. Residents' income and consumption expectations were cautious, their willingness to spend large amounts of durable goods was sluggish, and travel consumption continued to weaken, dragging down demand for terminals in the car market. Combined with the low heat season in July, which suppressed offline customer traffic and the June half-year impulse overdrafted market demand ahead of schedule, terminal orders and passenger traffic declined simultaneously.

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