China's Passenger Vehicle Sales Down 15% in March, New Energy Market Slumps 21% YoY

Published: Apr 4, 2026 16:22

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Data released by the CPCA showed that retail sales in China’s passenger vehicle market were 1.657 million units in March, down 15% YoY from the same period last year; for Q1 as a whole, total retail sales reached 4.236 million units, down 17% YoY. Specifically, in the new energy market, retail sales were 784,000 units in March, down 21% YoY; Q1 total retail sales were 1.844 million units, down 24% YoY.

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