Shanghai (ZXZC)- China's retail sales of locally-produced passenger vehicles (merely including cars, SUV, and MPVs) are anticipated to reach 1.55 million units in August 2021, dropping 9% year on year, according to the China Passenger Car Association (CPCA).

The weekly PV deliveries reached 166,000 and 164,000 units respectively in the first and second weeks of August, according to the data offered by main automakers in China and compiled by the CPCA. For the first two weeks of this month, the average daily PV deliveries dwindled 20.3% year on year primarily due to the impact of the coronavirus pandemic and extreme weather conditions.

For the third week of August, the total PV retail sales are expected to reach 215,000 units, leading to a 20.9% year-on-year drop in average daily sales volume.

Affected by the chip shortage, the coronavirus resurgence in some regions, and extreme weather conditions, China’s PV retail sales amounted to 1.502 million units in July, falling 6.1% from the previous year, while also dipping 4.76% from the previous month, said the CPCA. However, the new energy vehicle sales still showed a robust growth, which was conducive to maintaining a stale auto market performance. Last month, the penetration rate of NEVs stood at 14.6%, the association said.