[SMM Steel Market Morning News] From February 1 to 16, retail sales in the passenger car market grew 11% YoY compared to February of last year, while declining 28% MoM.
- feb 20, 2025, at 7:40 am
From February 1 to 16, the passenger car retail market was up 11% YoY but down 28% MoM. [SMM Steel Market Morning News]: According to data released by the Passenger Car Association, from February 1 to 16, passenger car retail sales reached 581,000 units (up 11% YoY, down 28% MoM). Year-to-date retail sales totaled 2.375 million units, down 7% YoY. During the same period, the new energy passenger car retail market recorded 263,000 units (up 79% YoY, down 17% MoM). Year-to-date retail sales of new energy passenger cars reached 1.007 million units, up 23% YoY.
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