CPCA: China's Passenger Vehicle Retail Sales Drop 15% YoY to 443,000 Units from July 1-12

According to data released by the China Passenger Car Association (CPCA) on July 15, retail sales of passenger vehicles across China reached 443,000 units between July 1 and 12, down 15% year-on-year from the same period in July last year and 1% month-on-month versus early June. Cumulative retail volume for the year stood at 9.144 million units, a 20% year-on-year drop.

New energy passenger vehicle retail sales hit 280,000 units in the July 1–12 window, falling 8% year-on-year and 3% month-on-month. Year-to-date NEV retail deliveries totaled 4.984 million units, representing a 14% year-on-year decline.