China Passenger Car Association (CPCA) report - June 2023
Analysis of China's passenger car sales in May and outlook for June
The China Passenger Car Association (CPCA) announced the production and sales volumes of passenger cars (including sedans, SUVs, MPVs but not minivans) for May 2023.
Retail
May retail sales volumes of passenger cars totaled 1.742 million units, reflecting a year-over-year (y/y) increase of 28.6%.
New Energy Vehicles (NEVs)
In May, wholesale volumes of new energy passenger cars totaled 673,000 units, up 59.4% y/y.
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