【China Automobile Distribution Association: It is expected that the terminal sales of passenger cars in March will be around 1.65 million】

On March 31, the China Automobile Distribution Association released information indicating that after the Spring Festival, the car market once again started a price war, with several car companies announcing price reductions, including BYD, Geely, NIO, SAIC-Volkswagen, etc., causing consumers to further adopt a wait-and-see attitude. In March, car manufacturers and dealers successively held car exhibitions and other promotional activities, with many new car models gradually being launched, attracting consumers to visit the stores. In some regions, it is the busy farming season, leading to a decrease in dealership traffic flow and transaction rates, resulting in no significant overall growth in the car market sales volume. Overall, it is estimated that the car market in March is below expectations, with the expected terminal sales of passenger cars reaching around 1.65 million units.