On October 21, data released by the China Passenger Car Association (CPCA) revealed that from October 1 to 18, the nationwide wholesale volume of passenger cars by manufacturers stood at 853,000 units. This marked a 20% decline year-on-year and a 3% decrease month-on-month. The cumulative wholesale volume since the start of the year has reached 20.589 million units, reflecting a 6% drop compared to the same period last year. During this timeframe, retail sales in the market amounted to 789,000 units, experiencing a 26% year-on-year decrease but a 2% month-on-month increase. The cumulative retail sales since the beginning of the year have totaled 14.123 million units, down by 22% year-on-year.

Focusing on new energy passenger vehicles, the manufacturer wholesale volume from October 1 to 18 reached 655,000 units, showcasing a 5% increase year-on-year and a 1% rise month-on-month. The cumulative wholesale volume since the start of the year has been 12.104 million units, up by 9% compared to the previous year. In the same period, retail sales of new energy vehicles in the market hit 520,000 units, recording a 13% year-on-year decrease and a 2% month-on-month decline. The cumulative retail sales since the beginning of the year have amounted to 8.278 million units, a 13% decrease year-on-year.