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CN Imported PV No./ Sales Slip 32.1%/ 14.5% YoY in 1H: CADA
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China's passenger vehicle (PV) imports slipped by 30.3% YoY or 9.1% MoM to 41,000 units (including chassis) in June, according to data on the monthly report on China's imported automobile market for June 2025 released by the China Automobile Dealers Association (CADA). Due to the rising competitiveness of domestically produced new energy vehicles (NEVs) and the accelerated localization of imported cars, the expectations of imported car manufacturers weakened, and the imported car market continued to be sluggish. In 1H25, cumulative imports of PVs in China amounted to 221,000 units, down 32.1% YoY, continuing the negative growth trend since 2022. In terms of sales, 48,000 imported PVs were sold in June, down 10.1% YoY but slightly up 3.4% MoM. Under the combined influence of subsidy policies favoring NEVs and the accelerated iteration and update of domestic models, imported cars (mainly fuel vehicles) continued to face pressure. In 1H25, cumulative sales of PVs hit 277,000 units, down 14.5% YoY. AAStocks Financial News |
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