China passenger car retail sales drop 22% year-on-year in Sept 1-20 period
The China Passenger Car Association (CPCA) reported on September 23 that passenger car retail sales in China totaled 878,000 units from September 1-20, a 22% decline year-on-year but an 8% increase month-on-month. New energy vehicle (NEV) retail sales reached 596,000 units, down 9% year-on-year, while NEV wholesale volume rose 8% to 740,000 units. The NEV retail penetration rate hit 67.9%.
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China Passenger Car Retail Sales Fall 22% Year-on-Year in Sept 1-20 Period
According to data released by the China Passenger Car Association (乘联分会) on September 23, retail sales of passenger cars in China totaled 878,000 units during the September 1-20 period, a decline of 22% compared to the same period last year. However, sales rose 8% from the previous month. Cumulative retail sales for the year to date reached 12.593 million units, down 21% year-on-year. Wholesale volumes for the same period stood at 1.001 million units, a 19% decrease year-on-year but a 21% increase month-on-month. Year-to-date wholesale volumes totaled 18.184 million units, down 6% from the previous year. The data reflects ongoing weakness in China's auto market demand, though sequential improvement suggests some stabilization.
Read sourceChina Passenger Car Association: Sept 1-20 NEV Retail Sales Reach 596,000 Units
According to data released by the China Passenger Car Association (CPCA) on September 23, from September 1 to 20, wholesale sales of new energy passenger vehicles by manufacturers reached 740,000 units. This represents an 8% increase compared to the same period last year and a 25% increase from the previous month. Cumulative wholesale sales for the year to date have reached 10.518 million units, a 9% increase year-on-year. The data, sourced from the Shanghai Securities News, highlights continued growth in China's new energy vehicle market.
Read sourceChina Passenger Car Retail Sales Fall 22% Year-on-Year in Sept 1-20 Period
According to data released by the China Passenger Car Association (CPCA), from September 1-20, retail sales of passenger cars in China reached 878,000 units, a 22% decrease compared to the same period last year, but an 8% increase from the previous month. Cumulative retail sales for the year to date stand at 12.593 million units, down 21% year-on-year. Wholesale volume for the period was 1.001 million units, down 19% year-on-year but up 21% month-on-month. In the new energy vehicle (NEV) segment, retail sales totaled 596,000 units, down 9% year-on-year but up 14% month-on-month, with cumulative retail sales reaching 7.27 million units, down 12% year-on-year. NEV wholesale volume was 740,000 units, up 8% year-on-year and 25% month-on-month. The NEV retail penetration rate for the period was 67.9%, while the wholesale penetration rate reached 73.9%.
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China Passenger Car Association: Sept 1-20 NEV Retail Sales 596,000 Units, Down 9% Year-on-Year
According to data released by the China Passenger Car Association (CPCA) on September 23, from September 1 to 20, the national passenger car market saw new energy vehicle (NEV) retail sales of 596,000 units, a decrease of 9% year-on-year but an increase of 14% compared to the same period last month. Cumulative retail sales for the year to date stand at 7.27 million units, down 12% year-on-year. During the same period, wholesale sales of NEVs by passenger car manufacturers reached 740,000 units, an increase of 8% year-on-year and 25% month-on-month. Cumulative wholesale sales for the year to date total 10.518 million units, up 9% year-on-year. The data reflects a mixed trend in China's NEV market, with retail sales declining but wholesale activity showing growth.
Read sourceChina Passenger Car Retail Sales Fall 22% Year-on-Year in Sept 1-20
According to data from the China Passenger Car Association (CPCA) released on September 23, retail sales of passenger cars in China from September 1 to 20 totaled 878,000 units, a decline of 22% compared to the same period last year. Wholesale volumes for the period reached 1.001 million units, down 19% year-on-year but up 21% from the previous month. Cumulative wholesale sales for the year to date stand at 18.184 million units, a decrease of 6% from the same period in 2023. The data, reported by Securities Times and republished by East Money, highlights a significant contraction in the Chinese auto market during the first 20 days of September.
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