Cui Dongshu, Secretary General of the Passenger Transport Association, wrote that the current downturn in the domestic auto market is a phased phenomenon of short-term policy disturbances, cyclical fluctuations, and institutional restrictions; it is by no means that the fundamentals of automobile popularity have peaked. China's passenger car market is still in the middle of popularization. There is a vast blue ocean of first-time purchase demand in sinking counties. Combined with the cost revolution brought about by the new energy industry chain, there is huge room for medium- to long-term growth. Demand in China's passenger car market is far from peaking. There is still huge room for improvement in the medium to long term, and the automobile industry still has great potential.

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