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China’s retail sales of passenger cars are estimated to reach about 1.95 million units in September, rising 23.3% from a year earlier, according to data from the China Passenger Car Association.
Retail sales of new energy passenger vehicles are estimated to reach about 580,000 units in September, rising 73.9% from a year ago, with penetration rate at 29.7%, said the association.
Data released by the association one day earlier showed that China’s retail sales of passenger cars reached 331,000 units in the week of Sept 13 – 18, rising 28% from a year earlier, surging 43% from the previous week and up 1% from the same period in August.
Wholesale volume of passenger cars reached about 385,000 units, rising 46% from a year ago, up 46% from the previous week and up 21% from the same period in August, showed the data.
In the period of September 1 – 18, retail sales of passenger cars reached about 794,000 units, rising 10% year over year, but down 7% from the same period in August. Wholesales volume of passenger cars in September 1 – 18 reached about 911,000 units, rising 29% from a year earlier and up 8% from the same period last year. showed the data.