The Zhitong Finance App learned that Cui Dongshu, Secretary General of the Passenger Transport Association, published an article stating that in January-July 2026, automobile consumption fell 13.2% year on year, and car consumption fell 17% year on year in July. After the base figure continued to rise, this year's decline was significant. The high base pressure in March and June 2025 was the greatest. Under base pressure in July, automobile retail sales stabilized month-on-month, and the impact of high oil prices on consumption improved. Currently, although we are trying our best to stabilize international oil prices, the impact of high oil prices on the stability of the industrial chain supply chain and consumer demand is still quite obvious. Problems such as high prices, a sharp rise in clothing and food expenses, insufficient effective demand, and lack of market vitality still exist, and the task of steady industry growth is still arduous.

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