CPCA: China's H1 passenger car sales up 2.7% YoY

Sales of passenger vehicles in China posted a 2.7% on-year incline to total 9.52 million units in the first half of 2023, mainly thanks to the government's multiple stimulus policies, promotional activities in the market, plus a low base in the same period last year, according to the latest data released by the China Passenger Car Association (CPCA) via its official WeChat account on July 10.

For June alone, China sold 1.89 million passenger cars, rising by 8.7% on month though being 2.6% lower on year, the release showed. The country's passenger car sales have persistently grown month over month in the first half of this year, "(which is) a trend that has not been seen