Weekly Retail and Wholesale

China passenger car retail sales reached 789,000 units in October 1-18, down 26% from the same period a year earlier and up 2% from the same period last month, according to the China Passenger Car Association. Year-to-date cumulative retail sales stood at 14.123 million units, down 22%.

Wholesale volume from passenger car manufacturers reached 853,000 units in October 1-18, down 20% year on year and down 3% from the same period last month. Cumulative wholesale volume for the year reached 20.589 million units, down 6%.

Average daily retail sales were 33,000 units in the first week of October, 58,000 units in the second week and 47,000 units in the third week, down 25%, 22% and 29% year on year respectively. Average daily wholesale volume was 21,000 units, 60,000 units and 67,000 units in the three weeks, down 32%, 7% and 22% year on year. Wholesale of fuel vehicles by manufacturers fell 55% in the first three weeks of October.

NEV Retail and Wholesale

NEV retail sales reached 520,000 units in October 1-18, down 13% year on year and down 2% from the same period last month, with retail penetration of 65.9%. Cumulative NEV retail sales for the year reached 8.278 million units, down 13%.

NEV wholesale volume from manufacturers reached 655,000 units in October 1-18, up 5% year on year and up 1% from the same period last month. Wholesale penetration was 76.8%, and cumulative NEV wholesale volume for the year reached 12.104 million units, up 9%.

In the first two weeks of October, production of pure fuel light vehicles reached 153,000 units, down 43% year on year and down 16% from the same period last month. Production of hybrid and plug-in hybrid vehicles totaled 152,000 units, down 18% year on year and up 2% from the same period last month.