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CPCA: CN 1-3Q24 Price-cutting New Car Models Top 195, More than Last Yr
Cui Dongshu, Secretary General of the China Passenger Car Association (CPCA), released an analysis report on new car price cuts in 1-3Q24. The report indicated that the number of n...
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CPCA: CN 1-3Q24 Price-cutting New Car Models Top 195, More than Last Yr
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Cui Dongshu, Secretary General of the China Passenger Car Association (CPCA), released an analysis report on new car price cuts in 1-3Q24. The report indicated that the number of new car models subject to price cuts in 1-3Q24 reached 195, surpassing 2023's annual total of 150 and notably higher than the 95 in 2022.

With the robust growth in the market penetration of new energy vehicles (NEVs), the market for internal combustion engines vehicles (ICEVs) faced pressure from rapid contraction, leading to greater price fluctuations for ICEVs of joint venture brands and independent brands, especially luxury brands, data reflected.

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