China Passenger Car Association: It is expected that by December 2024, the retail sales of passenger cars will reach 2.7 million, and the penetration rate of new energy vehicles will reach 51.9%

According to recent news, the latest data from the Passenger Car Association (CCMA) shows that the narrow passenger car retail market in December is expected to be about 2.7 million vehicles, a year-on-year increase of 14.8% and a month-on-month increase of 11.4%.

Among them, the retail sales of new energy vehicles are expected to reach 1.4 million units, with a penetration rate of about 51.9%.

The China Passenger Car Association predicts that the auto market started off strongly in December, with companies stepping up their efforts to achieve their annual targets. In addition, the expiration of the "double new" subsidy policy and the early release of car purchase demand during the Spring Festival have jointly driven an increase in car demand.

In December, the overall auto market discount rate was about 23.9%, remaining stable, and the retail targets of leading manufacturers increased by about 10% month-on-month.

Judging from the weekly data, the average daily retail sales in the first week was 62,700 vehicles, the average daily retail sales in the second week was 83,000 vehicles, the average daily retail sales in the third week was expected to be 91,400 vehicles, and the average daily sales in the fourth week was expected to be 108,600 vehicles.

According to comprehensive estimates, the retail volume in December may reach about 2.7 million vehicles, showing the strong momentum of the auto market at the end of the year.

Zikuai Technology