China’s passenger car retail sales are estimated at around 1.7 million units in March, down 12.4% year-on-year but up 64.5% MoM, according to CPCA data. New energy vehicle sales are expected to reach about 900,000 units, with penetration at 52.9%, returning above 50%.

2026-03-20

China’s passenger car retail sales are estimated at around 1.7 million units in March, down 12.4% year-on-year but up 64.5% MoM, according to CPCA data. New energy vehicle sales are expected to reach about 900,000 units, with penetration at 52.9%, returning above 50%.