On May 11, the Passenger Car Association unveiled statistics revealing that passenger vehicle retail sales in China surged to 1.755 million units in April 2023, marking a 14.5% year-on-year increase, albeit a 9.4% decrease from the previous month. Year-to-date, cumulative retail sales have amounted to 6.872 million units, up 7.9% compared to the same period last year. In comparison to previous years, April's retail sales this year narrowly missed the all-time high of 1.81 million units recorded in April 2018, maintaining a robust position among the highest April sales figures over the years.
