CPCA: Aug 1-23, Passenger Car Retail Down 22% YoY, New Energy Sales at 64.3% Penetration
CPCA released data showing that from August 1-23, national passenger car market retail was 956,000 units, down 22% YoY from the same period last August, down 2% MoM from the previous month. Cumulative passenger car retail in 2024 was 1.129 million units, down 20% YoY. From August 1-23, national passenger car new energy retail was 614,000 units, down 12% YoY from the same period last August, down 2% MoM from the previous month. Cumulative retail in 2024 was 6.283 million units, down 12% YoY. From August 1-23, the new energy retail penetration rate in the national passenger car market was 64.3%. From August 1-23, the new energy wholesale penetration rate for passenger car producers was 70.5%.