Category: CPCA Estimates

China's passenger car retail sales fell in July from June, but the NEV market was bolstered by fast-growing sales of hybrid models, the CPCA said.

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In June, price wars in China's auto market cooled down, spurring consumer sentiment among groups that had been on the sidelines, the CPCA said.

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China's June retail sales of NEVs are set to be the second highest on record, further approaching last December's record high.

The post CPCA expects China's Jun NEV retail at 860,000, with record 49.1% penetration appeared first on CnEVPost.

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In May, the start of car trade-in subsidies and the cooling of price wars have stimulated spending among groups that were previously on the sidelines, the CPCA said.

The post China May NEV wholesale at 910,000, up 16% from Apr, CPCA estimates show appeared first on CnEVPost.

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China's overall passenger vehicle retail sales in May is expected to be around 1.65 million units, down 5.3 percent year-on-year, the CPCA said.

The post CPCA expects China's May NEV retail at 770,000, penetration at record 46.6% appeared first on CnEVPost.

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Since the beginning of the year, consumers have been in a wait-and-see mood, and the passenger car market has not been able to regain momentum in sales, the CPCA said.

The post China Apr NEV wholesale at 800,000, down 2% from Mar, CPCA estimates show appeared first on CnEVPost.

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Price wars intensified in China's auto market in April, with overall discounts slightly higher than in March, the CPCA said.

The post CPCA expects China's NEV retail sales at 720,000 in Apr, flat from Mar appeared first on CnEVPost.

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Both production and sales of passenger vehicles increased significantly in March from February as industries quickly turned to normal operations after the Chinese New Year holiday, the CPCA said.

The post China's Mar NEV wholesale at 820,000, up 84% from Feb, CPCA estimates show appeared first on CnEVPost.

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The NEV penetration rate is expected to reach a record 45.5 percent in March as it reversed the pre-holiday slump and rose rapidly, the CPCA said.

The post CPCA estimates China's Mar NEV retail sales at 750,000, up 93.2% from Feb appeared first on CnEVPost.

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February sales in China's auto market are expected to be the lowest of the year, the CPCA said.

The post China's Feb NEV wholesale at 450,000, down 34% from Jan, CPCA estimates show appeared first on CnEVPost.

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