Jeep July imports hit No.1

China's import car sales hit a new high again in July after breaking through 100,000 sales in May this year, .

According to China's imported car market database, imported vehicles in July this year reached 110,200 units, rising 17.5% year-on-year, the highest monthly and historical monthly imports record this year.

Among imported car brands, Jeep brand leapt to the top ranking from the 10th in July last year, surpassing BMW which had ranked first for more than years and Land Rover brand also leapt to the 6th place from the 9th place last year. State Automobile Company Limited ( hereinafter referred as state automobile, 600335, SH ) report told that the fast - growing of the above two car brands are still benefiting from hot domestic demand for SUV models, as well as the high expectations of the Chinese market by the multinational automotive companies.

With the new high in july, the imported car market is also faced with higher pressure on the inventory. According to the China Association of Automobile Circulation survey, compared with the inventory level of the first half year, coefficient of imported car inventory in July again rose slightly, and at the same time, the imported cars preferential margin also increased again in July, which meant that the imported car prices had declined consecutively for 4 months.

Therefore, the State Automobile Wangcun said, "If the multinational companies continue the same development of imported cars as in July for the second half year, the industry's stock will continue to rise. Chinese imported car market in the second half of this year will likely repeat the mistakes of the imported automobile market price war last year."