- Retail sales of all passenger vehicles in China totaled 1.391 million units in the April 1-27 period, up 10 percent year-on-year but down 10 percent from the same period last month.
- China’s NEV penetration at retail stood at 52.30 percent in the April 1-27 period and 48.29 percent year-to-date.
China’s retail sales of new energy vehicles (NEVs) have been weak so far this month, despite a slight improvement last week.
In the April 1-27 period, China’s passenger NEV retail sales amounted to 728,000 units, up 24 percent from the same period last year, but down 10 percent from the same period last month, according to data released today by the China Passenger Car Association (CPCA).
During April 1-20, China’s passenger NEV retail sales amounted to 478,000 units, up 20 percent from the same period last year, but down 11 percent from the same period last month.
So far this year, China’s cumulative retail sales of passenger NEVs amounted to 3.148 million units, up 33 percent year-on-year.
Dramatic changes in the external environment, especially the additional tariffs that exceeded expectations, have dampened domestic consumer sentiment to some extent, the CPCA said.
Wholesale sales of China’s passenger NEVs in the April 1-27 period were 846,000 units, up 25 percent from a year earlier but down 6 percent from the same period last month, according to the CPCA.
So far this year, cumulative wholesale sales of China’s passenger NEVs were 3.695 million units, up 38 percent from a year earlier.
During April 1-27, China’s retail sales of all passenger vehicles were 1.391 million units, up 10 percent compared with the same period last year, but 10 percent lower than the same period last month.
So far this year, cumulative retail sales of all passenger cars in China were 6.518 million units, up 7 percent from a year earlier.
This means that China’s NEV penetration at retail stood at 52.30 percent during the April 1-27 period and 48.29 percent year-to-date.
In the first week of April — April 1-6, average daily retail sales of passenger cars in China were 34,918, up 2 percent year-on-year but 14 percent lower than the same period last month.
In the second week of April — April 7-13, average daily retail sales of passenger cars in China were 43,704, up 13 percent year-on-year but 14 percent lower than the same period last month.
In the third week of April — April 14-20, average daily retail sales of passenger cars in China were 54,522, up 17 percent year-on-year but down 3 percent from the same period last month.
In the fourth week of April — April 21-27, average daily retail sales of passenger cars in China were 70,531, up 7 percent year-on-year but 11 percent lower than the same period last month.
During April 1-27, China’s wholesale sales of all passenger cars were 1,569,000 units, up 10 percent from a year earlier but 16 percent lower than the same period last month.
During April 1-6, average daily wholesale sales of passenger cars in China were 35,406, up 11 percent from a year earlier but 21 percent lower than the same period last month.
During April 7-13, average daily wholesale sales of passenger cars in China were 52,131, up 22 percent year-on-year, but down 10 percent in the same period last month.
During April 14-20, average daily wholesale sales of passenger cars in China were 59,440, up 9 percent year-on-year but 9 percent lower in the same period last month.
During April 21-27, China’s average daily wholesale sales of passenger cars were 82,266, up 5 percent year-on-year, but down 22 percent in the same period last month.
So far this year, China’s passenger car wholesale sales are 7.847 million units, up 11 percent compared with the same period last year.
The Nio and Onvo brands had combined insurance registrations of 7,970 units in China last week, up 29.17 percent from 6,170 units in the previous week.
