China Retail Sales of Passenger Cars Surged in First Three Weeks of April

Published: Apr 27, 2023 10:12

Source: SMM

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According to data from the China Passenger Car Association, from April 1 to 22, the passenger car market retailed 1.007 million vehicles, a year-on-year increase of 72% and a month-on-month increase of 20%. Since the start of this year, the cumulative retail sales have reached 5.293 million units, a year-on-year decrease of 4%.

Domestic passenger car manufacturers wholesaled 909,000 vehicles, a year-on-year increase of 77%,but a decrease of 1% from a month earlier. A total of 5.97 million vehicles have been wholesaled this year, flat on the year.

From April 1 to 22, the new energy vehicle market retailed 352,000 units, a year-on-year increase of 98% and a month-on-month increase of 13%; since this year, the cumulative retail sales have reached 1.675 million units, a year-on-year increase of 34%. Wholesale of new energy vehicles were 353,000 vehicles, an increase of 83% year-on-year, and an increase of 4% compared with the same period last month. Since the beginning of this year, a total of 1.854 million vehicles have been wholesaled, an increase of 34% year-on-year.

Macro economy

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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