China’s Domestic PV Retail Sales Expected to Grow 23.3% YoY in September 2022: CPCA

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Shanghai (Gasgoo) – Retail sales of passenger cars in China are expected to reach 1.95 million units in September 2022, up 23.3% year-on-year and up 4.2% month-on-month, according to the China Automobile Association. cars (CPCA) ).

For clarity, passenger vehicles here refer to cars, SUVs and MPVs produced in the world’s largest automotive market.

Daily PV retail sales in the first week of September came in at around 38,500 units, flat from a year earlier, while the second week saw a 28% year-on-year jump with around 55,200 PVs shipped, according to the data , represented by main. car manufacturers in China and compiled by the CPCA.

According to the association’s forecast, average daily PV retail sales could reach 71,000 units and 131,000 units in the third and fourth weeks of September, up 33% and 35% year-over-year, respectively.

In addition, retail sales of new energy passenger vehicles are expected to reach approximately 580,000 units in September, up 73.9% year-on-year and 9.5% month-over-month, with a PV market penetration rate of 29, 7%. CPCA added.

China’s Domestic PV Retail Sales Expected to Grow 23.3% YoY in September 2022: CPCA

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