CPCA: CN Mar Pax. Car Retail Sales Up 40% MoM, or 14.4% YoY
The retail sales in the passenger car market of China reached 1.94 million units in March, up 14.4% YoY and 40.2% MoM, the China Passenger Car Association (CPCA)'s data revealed. The retail sales for 1Q25 totaled 5.127 million units, reflecting a 6% YoY hike.
In recent years, the mainland car market has exhibited a trend of lower sales early in the year followed by higher sales later, said the CPCA. In March 2025, the retail sales were only slightly below the historical peak of 1.98 million units in March 2018, positioning it among the highest March retail figures on record.
Additionally, backed by the national "dual new" policies, the price war has been relatively mild, and the industry’s "involution" competition has improved. The YoY retail growth in March 2025 marked the highest in nearly a decade, reversing the characteristic of subdued March retail growth over the past decade.
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AAStocks Financial News
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