China Passenger Car Association (CPCA) report - March 2023

Analysis of China's passenger car sales in February and outlook for March


The China Passenger Car Association (CPCA) announced the production and sales volumes of passenger cars (including sedans, SUVs, MPVs but not minivans) for February 2023.


February retail sales volumes of passenger cars totaled 1.39 million units, reflecting a year-over-year (y/y) increase of 10.4%.
New Energy Vehicles (NEVs)
In February, wholesale volumes of new energy passenger cars totaled 496,000 units, up 56.1% y/y.