China's Passenger Car Market in 2024 Cumulative Retail Sales Of 3.133,000 Units Increased By 17.0%

On March 8, the National Passenger Federation released data showing that in February 2024, the retail sales of China's passenger car market was 1.095 million units, down 21.0% year-on-year and 46.2% month-on-month. In 2024, the cumulative retail sales of 3.133,000 units, an increase of 17.0%. Passenger Federation data also show that in February, China's new energy passenger vehicle production reached 426,000 units, down 17.7% year-on-year, down 42.3% month-on-month; The wholesale sales of new energy passenger vehicles reached 447,000 units, down 9.7% year-on-year and 35.0% quarter-on-quarter. New energy vehicle market retail sales of 388,000 units, down 11.6% year-on-year, down 42.1% month-on-month.