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CPCA: China September Passenger Vehicle Retail Sales 1.702 Million, NEV Penetration 67.1%
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The China Passenger Car Association reported that from September 1 to 30, national passenger vehicle retail sales totaled 1.702 million units, down 24% year-on-year but up 10% month-on-month. Year-to-date cumulative retail sales reached 13.418 million units, a 21% decline. New energy vehicle retail sales for the period were 1.141 million units, down 12% year-on-year but up 14% month-on-month, with cumulative sales of 7.816 million units, down 12% year-to-date. The NEV retail penetration rate was 67.1%, while the wholesale penetration rate for NEV manufacturers was 66.1%.
Source report
October 10 — The China Passenger Car Association (CPCA) released data for the period from September 1 to 30.
Overall Passenger Vehicle Market
- Retail sales reached 1.702 million units, down 24% year-on-year compared with the same period last September, but up 10% month-on-month.
- Year-to-date cumulative retail sales totaled 13.418 million units, down 21% year-on-year.
New Energy Vehicle (NEV) Market
- Retail sales reached 1.141 million units, down 12% year-on-year compared with the same period last September, but up 14% month-on-month.
- Year-to-date cumulative retail sales totaled 7.816 million units, down 12% year-on-year.
NEV Penetration Rates
- Retail penetration rate: 67.1%
- Wholesale penetration rate among manufacturers: 66.1%
Source
domesticNeutral / independent
Part of this Story
China September Passenger Vehicle Retail Sales Fall 24% as NEV Share Hits 67.1%