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CPCA: Retail Sales of Pax Car in Narrow Sense Estimated to Slip 9.8% MoM in Apr w/ NEV Retail Sales Vol. Being 900K
2025-04-25 17:26:19 The overall discount rate of the auto market in mid-April was approx. 23.7%, a slight recovery from late-March, according to the latest survey conducted by the China Passenger Car Association (CPCA). The leading manufacturers, which accounted for nearly 80% of the total market in terms of retail sales volume, targeted a 7.1% YoY growth in retail sales in April, down about 10% MoM. The total retail sales of passenger vehicle in narrow sense in April is estimated to be around 1.75 million units, up 14.4% YoY and down 9.8% MoM, while the retail sales of NEV will reach 900,000 units, with a penetration rate of 51.4%. ~ AAStocks Financial News Web Site: www.aastocks.com | |