Retail sales of all passenger vehicles in China totaled 1.391 million units in the April 1-27 period, up 10 percent year-on-year but down 10 percent from the same period last month.
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Category: China Auto Market
Dramatic changes in the external environment, especially additional tariffs that exceeded expectations, have taken a toll on consumer sentiment, the CPCA said.
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China NEV retail sales were lower at the beginning of the month compared to the same period last month, partly due to a public holiday.
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China's NEV retail penetration rate was 53.90 percent in March 1-23, and 47.30 percent year to date.
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Cumulative retail sales of passenger NEVs in China so far this year totaled 1.853 million units, up 36 percent year-on-year.
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The significant increase relative to February 1-9 was largely due to a low base caused by the Chinese New Year holiday early last month.
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China's retail sales of all passenger vehicles in the February 1-23 period were 924,000 units, down 30 percent from the same period last month.
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China's NEV retail sales improved last week, significantly narrowing the month-to-date decline.
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The Chinese New Year holiday from January 28 to February 4 brought disruptions to production and consumption activities.
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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.
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