- In the first seven months of this year, the Model Y saw retail sales decline year-on-year for five months.
- The Model 3’s retail sales in China in July were 9,851 units, down 0.78 percent year-on-year, marking the third consecutive month of year-on-year decline.
Tesla (NASDAQ: TSLA) popular Model Y retail sales in China resumed decline last month after seeing rare growth in June.
The Model Y sold 30,766 units in China in July, down 15.24 percent year-on-year and down 31.4 percent from June, according to data compiled by CnEVPost from the China Passenger Car Association (CPCA).
This marks the Tesla SUV’s retail sales in China turning downward again after a 9.09 percent year-on-year increase in June.
The model is one of Tesla’s most important, especially in the Chinese market, where consumers prefer SUVs with larger interior spaces.
This year, the Model Y’s performance in China has been weak, with retail sales declining year-on-year in five of the first seven months, while the only two months without a decline, March and June, saw year-on-year growth of only 0.57 percent and 9.09 percent, according to data compiled by CnEVPost.
This has also led to a decline in cumulative sales of the Model Y in China so far this year. In January-July, retail sales of the SUV in China totaled 202,257 units, down 17.15 percent year-on-year.
Tesla plans to launch the Model Y L in China in the fall, a six-seat SUV with a CLTC range of up to 751 kilometers, according to regulatory filings earlier this month. The Model Y currently available in China is a five-seat model.
Tesla exported 15,072 Model Y vehicles from China in July, up 195.18 percent year-on-year and up 135.32 percent month-on-month.
In the first seven months of the year, the SUV saw exports of 57,615 units from China, up 6.17 percent year-on-year.
Tesla has a factory in Shanghai that produces the Model 3 sedan and Model Y, which are delivered to local customers and also serve as an export hub.
The Model 3’s retail sales in China in July were 9,851 units, down 0.78 percent year-on-year, marking the third consecutive month of year-on-year decline and a 40.79 percent decrease from June.
In the first seven months of the year, the Model 3’s retail sales in China totaled 101,770 units, up 26.54 percent year-on-year.
The Tesla sedan exported 12,197 units from China in July, down 46.47 percent year-on-year, but up 228.76 percent from June.
In the first seven months of the year, the Model 3 exported 70,718 units, down 42.00 percent year-on-year.
