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China Passenger Car Association Forecasts 1.85 Million Passenger Car Sales in May, Including 980,000 New Energy Vehicles
2025-05-22 /
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Author：小编
On May 22, the China Passenger Car Association unveiled its latest survey findings, revealing that the overall discount rate for the automotive market stood at 24.8% in mid-May. Manufacturers' retail sales targets for the month have seen an 8% year-on-year increase and approximately 5% month-on-month growth. It is anticipated that the total retail sales of passenger vehicles, in a narrow sense, will amount to approximately 1.85 million units, marking an 8.5% year-on-year rise and a 5.4% month-on-month increase. Notably, new energy vehicle retail sales are expected to hit 980,000, maintaining a penetration rate of approximately 52.9%.
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