Data released by the Passenger Car Association (CPCA) reveals that in January 2025, retail sales of passenger vehicles in China amounted to 1.794 million units. This figure represents a year-on-year decrease of 12.1% and a month-on-month decline of 31.9%, hitting an all-time low. Notably, the monthly decline rate of 31.9% is second only to the 41% drop recorded in January 2023. As for new energy passenger vehicles, wholesale sales stood at 889,000 units in January, marking a 27.1% increase year-on-year but a 41.2% decrease month-on-month. Meanwhile, retail sales of these vehicles reached 744,000 units, signifying a 10.5% year-on-year growth but a 42.9% month-on-month drop.
