On September 10, the latest data released by the China Automobile Association showed that in August, domestic automobile sales reached 1.701 million units, a year-on-year decrease of 24.2%. Among them, domestic sales of conventional fuel vehicles were 584,000 units, a year-on-year decrease of 45.7%. Chen Shihua, Deputy Secretary General of the China Association of Automobile Manufacturers, said that this is mainly related to the continued high level of oil prices. Corresponding to this, sales of new energy vehicles in August were about 1,643 million units, up 17.8% year on year, and sales of new energy vehicles reached 60.6% of total sales of new vehicles. From January to August, domestic automobile sales were about 13.162 million units, a year-on-year decrease of 21.8%. Among them, domestic sales of conventional fuel vehicles were about 5.948 million units, a year-on-year decrease of 32%. Comparing past data, starting in April of this year, the year-on-year decline in domestic sales of traditional fuel vehicles has gradually increased, and it has been close to a “drop in the back” for three consecutive months. From April to August, domestic sales of traditional fuel vehicles fell by 32.2%, 37.5%, 45%, 45.7%, and 45.7%, respectively.

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