Cui Dongshu: With the car manufacturers increasing their promotional efforts in late May, retail sales are expected to rise again.

Cui Dongshu, deputy secretary general of the China Passenger Car Association, stated that looking ahead, with car companies increasing promotions in late May and the opening of the sales promotion window, retail sales are expected to rebound again, with the monthly year-on-year decline likely to narrow compared to the first ten days of the month. At the same time, the market differentiation trend will continue, with the performance of new energy vehicles and low-priced entry-level models expected to outperform traditional fuel cars and mid-to-high-end joint venture brands. In the short term, the release of policy dividends and the digestion of channel inventory remain key variables affecting market trends, and it is necessary to continue monitoring subsequent weekly retail performance and changes in terminal discounts.