China Passenger Car Association (CPCA) report - March 2024

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

2024/03/12



The China Passenger Car Association (CPCA) announced the production and sales volumes of passenger cars (including sedans, SUVs, MPVs but not minivans) for February 2024.

 

Retail

February retail sales volumes of passenger cars totaled 1.095 million units, reflecting a year-over-year (y/y) decrease of 21.0%.

New Energy Vehicles (NEVs)

In February, wholesale volumes of New Energy passenger cars totaled 447,000 units, down 9.7% y/y.

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