CPCA

The recent decline in income for some residents following the Covid outbreak has led to an impact on consumption, and the contraction in demand has trickled down to the auto market, the CPCA said.

China's NEV supply is expected to improve significantly in May compared to April, with retail sales of NEVs expected to show high growth compared to April, the CPCA said.

Tesla Model Y sales in China were 960 units in April, down 98 percent from 39,730 units in March.

The Mercedes-Benz C-Class was No. 1 with 10,648 units sold, but down 34.1 percent from a year ago.

The penetration of NEVs in wholesale sales in April was 29.6 percent, up from 25.1 percent in March.

In the first two weeks of April, Chinese passenger vehicle wholesale sales averaged 24,000 units per day, down 44 percent year-on-year and down 48 percent from the average for the first two weeks of March.

In China's premium SUV market, Model Y sales of 39,730 units in March were 3.1 times the sales of the Mercedes-Benz GLC.

In April, production and sales in China's auto industry continued to face uncertainty, the CPCA said.

Due to the price hikes, NEV orders before the price hikes performed well, with ample orders overall, the CPCA said.

Average daily retail sales of passenger cars in China fell 18 percent year-on-year in the first four weeks of March, with both the third and fourth weeks down 29 percent year-on-year.