China Passenger Car Association (CPCA) report - January 2024

Analysis of China's passenger car sales in December and outlook for January

2024/01/11



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

 

Retail

December retail sales volumes of passenger cars totaled 2.353 million units, reflecting a year-over-year (y/y) increase of 8.5%.

New Energy Vehicles (NEVs)

In December, wholesale volumes of New Energy passenger cars totaled 1.108 million units, up 47.5% y/y.

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