China Auto Market

The Chinese New Year holiday from January 28 to February 4 brought disruptions to production and consumption activities.

Retail sales of all passenger cars in China for the January 1-19 period were 1.05 million units, down 5 percent from a year ago and down 27 percent from a month ago.

Retail and wholesale sales of passenger NEVs in China fell sharply in the January 1-12 period compared to the same period last month.

Deutsche Bank analysts expect the subsidies to drive full-year demand growth of 3 million units in 2025 and support double-digit growth in the second and third quarters.

Cumulative retail sales of passenger NEVs in China so far this year totaled 10.41 million units, up 43 percent from a year earlier.

Retail sales of all passenger vehicles in China totaled 1,083,000 units in the December 1-15 period, up 14 percent from the same period last month.

China's retail sales of all passenger vehicles in December 1-8 were 502,000 units, up 11 percent from the same period last month.

Retail sales of passenger NEVs in China totaled 867,000 units in the November 1-24 period, up 68 percent from a year ago and up 7 percent from a month ago.

Retail sales of all passenger cars in China totaled 1.11 million units in the November 1-17 period, up 30 percent from a year earlier and up 3 percent from a month earlier.

China's retail sales of all passenger vehicles in the November 1-10 period were 567,000 units, up 29 percent from the same period last year, but down 3 percent from the same period last month.