According to the Passenger Transport Association, in August 2026, the NEV passenger car market presented a complicated situation of “a record high penetration rate but total volume is under pressure, wholesale sales are booming, but retail sales are weak.” Continued high oil prices and optimized product supply are still the core factors supporting new energy sources, but seasonal off-season, weak macro consumption, high base effect, and channel inventory pressure are significant constraints. Since the beginning of the school season in late August is supposed to be the peak season for car purchases and exchanges, the trend in late August this year clearly does not have a normal recovery in popularity. The market has moved from the “recovery channel” in August to the “bottom storage” stage, and the actual peak season market is yet to be verified by “gold, nine, silver, ten”.

According to the Passenger Transport Association, in August 2026, the NEV passenger car market presented a complicated situation of “a record high penetration rate but total volume is under pressure, wholesale sales are booming, but retail sales are weak.” Continued high oil prices and optimized product supply are still the core factors supporting new energy sources, but seasonal off-season, weak macro consumption, high base effect, and channel inventory pressure are significant constraints. Since the beginning of the school season in late August is supposed to be the peak season for car purchases and exchanges, the trend in late August this year clearly does not have a normal recovery in popularity. The market has moved from the “recovery channel” in August to the “bottom storage” stage, and the actual peak season market is yet to be verified by “gold, nine, silver, ten”.