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CPCA Estimates CN Oct PV Sales in Narrow Sense at ~2.2M Units
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The China Passenger Car Association (CPCA)'s latest research results indicated that the overall discount rate for the car market in the second week of October in China remained at 24.3%, the same as last month, and that end-user incentives and promotional policies continued to be strong. The retail sales target for October for leading manufacturers heightened by about 4% MoM. The retail sales of passenger vehicles (PVs) in narrow sense in October approximated 2.2 million units, a YoY rise of 8.2% and a MoM growth of 4.3%, preliminary estimates showed. The retail sales of new energy vehicles (NEVs) were estimated at 1.15 million units, with a penetration rate of approximately 52.3%. AAStocks Financial News |
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