Recently, the latest data released by the China Association of Automobile Manufacturers (hereinafter referred to as "China Automobile Association") showed that in the first 10 months of this year, the production and sales volume of automobiles was 19.2 million and 18.89 million, respectively, an increase of 7.93% and 6.58%. Since the beginning of this year, the cumulative growth rate of China's auto market has been decreasing month by month. The growth rate of 8.3% of auto sales this year is expected to be lost. Dong Yang, executive vice president and secretary general of the China Automobile Association, said that there are only less than two months left this year. The target of 8.3% growth in vehicle sales is basically hopeless. The final growth rate should be around 7%. . Commercial vehicles dragged the overall increase The data shows that in October this year, China's automobile production and sales were 2.044 million and 1.872 million, respectively. The output increased by 6.69% year-on-year, and the sales volume increased by 2.82%. Chen Shihua, spokesperson of the China Automobile Association, said that the automobile industry was the traditional sales season from September to October, and the production and sales data in October continued the characteristics of the peak season, with a slight increase year-on-year. At the same time, he pointed out that by comparing the production and sales data of last year and the previous year, the cumulative growth rate of automobile production and sales in the next few months will gradually increase compared with the middle of the year, but this trend has not been continued this year. According to the data of the China Automobile Association, the cumulative growth rate of automobile sales at the beginning of this year was 10.7%. Since then, it has declined month by month. The growth rate last month was 7%. This month, it has dropped to 6.58%, and the downward trend is obvious. In fact, the continuous decline in car sales growth throughout the year stems from the market performance of the depressed commercial vehicles. In the first 10 months of this year, China's passenger car production and sales volume was 15.8644 million units, an increase of nearly 10% year-on-year, but commercial vehicle production and sales decreased by 6.3% and 7.1% year-on-year. Among them, in October this year, the output of commercial vehicles increased by 1.3% compared with the previous month, and the sales volume decreased by 3.2% from the previous month. The production and sales volume decreased by 11.7% and 14.9% respectively, which continued the downward trend, and the trucks declined significantly. Chen Shihua said that the sales volume of commercial vehicles continued to fall, and the data dropped significantly compared with the same period of last year. The year-on-year growth rate has been lower than the same period last year for seven consecutive months. Among them, heavy-duty, medium-sized and light-duty trucks fell by double digits year-on-year, light-duty trucks fell by more than 24% year-on-year, and the sales volume of trucks in the first 10 months decreased by more than 200,000. Some car companies cut their annual targets In the passenger vehicle industry, which has consistently performed well in the sales of commercial vehicles, various auto companies have also shown uneven heat and cold. The situation of individual car companies is also not optimistic. In the first ten months of this year, the German, Japanese, American, Korean and French passenger cars sold 3,341,700, 2,214,800, 2,037,500, 1,421,700 and 596,100, respectively, accounting for the total sales of passenger cars. The amount was 21.06%, 15.21%, 12.84%, 8.96% and 3.76%. Compared with the same period of last year, the sales growth of Japanese passenger cars was slightly lower, and the growth rate of other foreign brands exceeded 10%. Among them, the German and American departments still maintain rapid growth, while the growth rate of legal cars is the most obvious. Since the beginning of this year, although Japanese brands have begun to bottom out, in the face of the slowdown of China's economic growth and the increasingly fierce competition in the automotive market, its sales growth rate has been unsatisfactory, so that Japanese automakers have begun to lower their annual sales targets. Among them, FAW Toyota adjusted the original planned 660,000 units to 620,000 units. GAC Toyota lowered its sales target of 400,000 units set at the beginning of the year to 380,000 units. This year, the sales target of Toyota's 1.1 million units in China will be difficult to complete. At the same time, Honda also reduced its sales target of 900,000 vehicles in China to 800,000 units. Nissan will reduce its sales target in China from 1.4 million to 1.27 million. 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