China Passenger Car Association (CPCA) report - August 2023
Analysis of China's passenger car sales in July and outlook for August
The China Passenger Car Association (CPCA) announced the production and sales volumes of passenger cars (including sedans, SUVs, MPVs but not minivans) for July 2023.
Retail
July retail sales volumes of passenger cars totaled 1.775 million units, reflecting a year-over-year (y/y) decrease of 2.3%.
New Energy Vehicles (NEVs)
In July, wholesale volumes of new energy passenger cars totaled 737,000 units, up 30.7% y/y.
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