China Passenger Car Association (CPCA) report - April 2023
Analysis of China's passenger car sales in March and outlook for April
The China Passenger Car Association (CPCA) announced the production and sales volumes of passenger cars (including sedans, SUVs, MPVs but not minivans) for March 2023.
Retail
March retail sales volumes of passenger cars totaled 1.587 million units, reflecting a year-over-year (y/y) increase of 0.3%.
New Energy Vehicles (NEVs)
In March, wholesale volumes of new energy passenger cars totaled 617,000 units, up 35.2% y/y.
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