Overview of China's passenger car price index in July

According to information released jointly by China Association of Automobile Manufacturers and JD Power, the national passenger car market price index showed a downward trend this month. In May 2018, passenger car prices showed a slight decline. The passenger car price index for May was 94.9%, down 0.6% from the previous month. The price index of the mainstream car market fell by 0.7% from April 2018, and the price index of the luxury car market fell by 0.6% in May to 90.6%.

The price of luxury SUV market drops significantly

In the mainstream car market, most car market prices have declined, and only the mid-size high-end car market and the compact car market price index have risen. In the luxury car market, the price decline of large and medium-sized luxury SUVs is relatively obvious.

Among the large luxury SUVs, the price of major models such as Land Rover Range Rover and Mercedes-Benz GLE grades has declined to varying degrees in large luxury SUVs, causing a certain degree of decline in the price index of the entire market segment.

Among the medium-sized high-end cars, the price index of each mainstream model has not changed much. The market share of Toyota Camry has risen to some extent in May, which has raised the price index of the entire market segment.

China Passenger Car Price Index

The China Passenger Car Market Price Index is a market research report on passenger car prices jointly developed and announced by the China Association of Automobile Manufacturers and JD Power China through the sampling of 176 models in 18 provinces.

The China Passenger Car Price Index includes 16 market segment indices for the mainstream and luxury car markets. After scientific calculations, the passenger car price index is obtained.