Passenger Association: retail sales of narrow new energy passenger cars are expected to be 400000 in February, an increase of 46.6% over the same period last year.
Thank you, Mr. Air, a netizen of CTOnews.com, for your clue delivery! CTOnews.com, February 21, according to the latest data from the Federation of passengers, retail sales of narrow passenger cars are expected to be 1.35 million in February, up 7.2 percent from the same period last year and 4.3 percent from the previous year. Retail sales of new energy are expected to be 400000, up 46.6 percent from the same period last year, 20.3 percent from the previous month, and 29.6 percent from the previous year.
The Federation said that the January car market was negatively affected by short-term factors such as the aftermath of the epidemic infection and the advance of the Spring Festival, which was still far from normal seasonal performance. In January, retail sales of passenger cars in the narrow sense of the Union completed 1.294 million vehicles, down 37.8% from the same period last year and 40.4% from the previous month. The decline of new energy subsidies superimposed on the new energy head manufacturers' price policy adjustment is relatively large, resulting in a certain wait-and-see mood among consumers. CTOnews.com learned that retail sales in the new energy market completed only 333000 vehicles in January, down 6.1% from a year earlier, 48.1% lower than the previous month, and 25.7% penetration.
Affected by the advance of the Spring Festival, the overall sales rhythm of the car market at the beginning of 2023 is significantly ahead of schedule. With the resumption of work after the February Festival, the residents' work and life gradually returned to normal. In the first ten days, the car market is in the stage of mild recovery after the festival, and in the middle and late ten days, the car market in various parts of the country is gradually entering the normal state. The distribution of local subsidies and the gradual landing of new energy prices have also helped the market return to normal after the festival.
Looking forward to March, the ride association expects that with the implementation of the price adjustment policy of new energy vehicle companies, the new energy vehicle market will gradually pick up. BYD Qin PLUS, Zhiji LS7 and other new product releases have also obtained the widespread attention of consumers. Consumers are more sensitive to prices, and the new energy car market is gradually returning to a normal pace.
