- For January 1-19, China's retail sales of all passenger cars were 1.05 million units, 5 percent lower than the same period last year and 27 percent lower than the same period last month.
- Wholesale sales of NEVs for January 1-19 were 503,000 units, up 57 percent from a year ago but 35 percent lower than the same period last month.
China's new energy vehicle (NEV) sales have continued to fall sharply so far this month, although the magnitude has narrowed from earlier in the month.
In the January 1-19 period, China's passenger NEV retail sales amounted to 423,000 units, up 26 percent from the same period last year but down 39 percent from the same period in December, according to data released today by the China Passenger Car Association (CPCA).
Wholesale sales of China's passenger NEVs in January 1-19 were 503,000 units, up 57 percent from the same period last year, but down 35 percent from the same period last month, according to the CPCA.
For reference, China's retail sales of passenger NEVs in January 1-12 were 206,000 units, up 8 percent from the same period last year, but 50 percent lower than the same period in December.
Wholesale NEV sales for January 1-12 were 261,000 units, up 45 percent from a year ago but down 42 percent from the same period in December.
January of each year is usually the low point of China's auto sales for the year, while December is the high point.
Retail sales of all passenger cars in China for January 1-19 were 1.05 million units, 5 percent lower than the same period last year and 27 percent lower than the same period last month.
This means that China's NEV penetration at retail stood at 40.28 percent for the January 1-19 period.
In the first week of January -- January 1-5 -- the average daily retail sales of passenger cars in China was 39,014 units, 28 percent lower year-on-year and 38 percent lower than the same period last month.
In the second week of January -- January 6-12 -- average daily retail sales of passenger cars in China were 48,286 units, down 16 percent year-on-year and down 35 percent from the same period last month.
In the third week of January -- January 13-19 -- average daily retail sales of passenger cars in China were 73,779 units, up 20 percent year-on-year but 13 percent lower than in the same period last month.
For January 1-19, China's wholesale sales of all passenger cars were 1.244 million units, up 25 percent year-on-year but 17 percent lower than the same period last month.
During January 1-5, average daily wholesale sales of passenger cars in China were 59,064, up 26 percent year-on-year but 16 percent lower than the same period last month.
During January 6-12, average daily wholesale sales of passenger cars in China were 56,211, up 6 percent year-on-year but down 27 percent from the same period last month.
During January 13-19, China's average daily wholesale sales of passenger cars were 79,290, up 41 percent year-on-year but 9 percent lower than the same period last month.
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