China's Passenger Vehicle Sales Surge 16% YoY in Early May

Published: May 30, 2025 17:36

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[CPCA: From May 1 to 25, nationwide passenger vehicle retail sales reached 1.358 million units, up 16% YoY] According to data from the China Passenger Car Association (CPCA), from May 1 to 25, nationwide passenger vehicle retail sales reached 1.358 million units, representing a 16% YoY increase compared to the same period in May last year and a 9% MoM increase. Cumulative retail sales for the year so far have reached 8.23 million units, up 9% YoY. From May 1 to 25, nationwide new energy passenger vehicle retail sales reached 726,000 units, up 31% YoY compared to the same period in May last year and an 11% MoM increase. The retail penetration rate of the nationwide new energy vehicle market was 53.5%. Cumulative retail sales for the year so far have reached 4.05 million units, up 35% YoY.

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