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

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.