{"id":5437,"date":"2024-06-21T00:00:00","date_gmt":"2024-06-21T00:00:00","guid":{"rendered":"https:\/\/superpdr.com\/chinas-locally-made-passenger-vehicle-retail-sales-likely-to-dip-7-6-yoy-in-june-2024-cpca\/"},"modified":"2026-03-11T11:37:08","modified_gmt":"2026-03-11T03:37:08","slug":"chinas-locally-made-passenger-vehicle-retail-sales-likely-to-dip-7-6-yoy-in-june-2024-cpca","status":"publish","type":"post","link":"https:\/\/superpdr.com\/de\/news\/china-s-locally-made-passenger-vehicle-retail-78415729.html","title":{"rendered":"China\u2019s Locally-made Passenger Vehicle Retail Sales Likely To Dip 7.6% YoY in June 2024: CPCA"},"content":{"rendered":"<article>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0China&#8217;s domestic passenger vehicle (&#8220;PV&#8221;) retail sales are anticipated to reach 1.75 million units in June 2024, which should climb 2.3% from the previous month, but drop 7.6% from the previous year, according to the China Passenger Car Association (&#8220;CPCA&#8221;).<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0The outlook for new energy vehicle (NEV) manufacturers remains optimistic, with June&#8217;s NEV retail sales expected to reach 860,000 units in China, a 6.9% increase from May. The NEV penetration rate is anticipated to hit a new high of 49.1%.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0For clarity, the passenger vehicles hereby refer to the cars, SUVs, and MPVs locally produced in the world&#8217;s largest auto market.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0In June, the first week included the full Dragon Boat Festival holiday, causing a slight delay in delivery schedules compared to the same period last year. Average daily retail sales were 36,000 units for the week, down 8.3% year on year and 23% month on month.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0Average daily retail sales amounted to 45,700 units in the second week of June, a decrease of 18.6% year-on-year but a slight increase of 0.9% month-on-month.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0In the third week, boosted by the &#8220;618&#8221; shopping festival, manufacturers intensified their promotional efforts, leading to a recovery in market activity. Average daily retail sales are expected to be 55,200 units in the week, down 22.4% year-on-year but up 19.6% month-on-month.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0For the fourth week, considering manufacturers&#8217; efforts to meet semi-annual targets and quarterly financial reports, average daily retail sales are projected to reach 104,100 units, an increase of 9.6% year-on-year and 28.8% month-on-month.<\/p>\n<\/article>","protected":false},"excerpt":{"rendered":"<p>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0China&#8217;s domestic passenger vehicle (&#8220;PV&#8221;) retail sales are anticipated to reach 1.75 million units in June 2024, which should climb 2.3% from the previous month, but drop 7.6% from the previous year, according to the China Passenger Car Association (&#8220;CPCA&#8221;). \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0The outlook for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5438,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-5437","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-newslist-136510-1"],"acf":[],"_links":{"self":[{"href":"https:\/\/superpdr.com\/de\/wp-json\/wp\/v2\/posts\/5437","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/superpdr.com\/de\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/superpdr.com\/de\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/superpdr.com\/de\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/superpdr.com\/de\/wp-json\/wp\/v2\/comments?post=5437"}],"version-history":[{"count":1,"href":"https:\/\/superpdr.com\/de\/wp-json\/wp\/v2\/posts\/5437\/revisions"}],"predecessor-version":[{"id":9531,"href":"https:\/\/superpdr.com\/de\/wp-json\/wp\/v2\/posts\/5437\/revisions\/9531"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/superpdr.com\/de\/wp-json\/wp\/v2\/media\/5438"}],"wp:attachment":[{"href":"https:\/\/superpdr.com\/de\/wp-json\/wp\/v2\/media?parent=5437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/superpdr.com\/de\/wp-json\/wp\/v2\/categories?post=5437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/superpdr.com\/de\/wp-json\/wp\/v2\/tags?post=5437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}