During April 1-22, the retail sales of passenger cars stood at 1.01 million units, a year-on-year increase of 72% and a month-on-month increase of 20%. The sales totalled 5.29 million units in 2023, a year-on-year decrease of 4%. The wholesale sales of new energy vehicles were 909,000 units, a year-on-year increase of 77% and a decrease of 1% on the month. The total sales stabilised at 5.97 million units in 2023. The retail sales of new energy vehicles were 352,000 units, an increase of 98% year-on-year and an increase of 13% month-on-month. The cumulative retail sales reached 1.68 million units in 2023, an increase of 34% year-on-year. The wholesale sales of new energy vehicles were 353,000 units, a year-on-year increase of 83% and an increase of 4% on the month. The sales totalled 1.85 million units in 2023, a year-on-year increase of 34%.
China Passenger Car Association: Retail Sales of Passenger Cars Reached 1.01 Million Units yn April, Up 72% YoY
During April 1-22, the retail sales of passenger cars stood at 1.01 million units, a year-on-year increase of 72% and a month-on-month increase of 20%.
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.
For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn