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CPCA: CN PV Mkt Envisioned to See MoM Production & Sales Surge This Mth
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The China Passenger Car Association (CPCA) released its March 2025 outlook report for the national passenger vehicle (PV) market, forecasting robust sales growth in mainland China for the month. The report highlighted new energy vehicles (NEVs) as the primary driver of this uptrend. Following the Lunar New Year holiday, industries across the board swiftly resumed normal operations, leading to a sharp MoM surge in production and sales in March, report told. Despite dramatic shifts in the external environment and the emergence of unexpected multipolar phenomena, these factors were deemed as supportive of a sustained and stable consumption trajectory. Against this backdrop, the mainland PV market was envisioned to sustain strong growth in March 2025. NEVs are poised to lead the charge, while the internal combustion engines vehicles (ICEVs) are projected to continue its decline. AAStocks Financial News |
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