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Passenger Car Federation: Retail sales in the passenger car market reached 1.943 million vehicles in June 2022, an increase of 22.6% year over year

Passenger Vehicle Federation: In June 2022, retail sales in the passenger car market reached 1,943 million units, up 22.6% year on year and 43.5% month on month. The month-on-month retail growth rate in June was the highest in history for the same period in the past 6 years. In January-June, retail sales totaled 9.261,000 vehicles, a year-on-year decrease of 7.2%, a year-on-year decrease of 715,000 units. Of these, the year-on-year decline of 1.031 million vehicles in March-May had a significant impact.

Tesla sold 78,906 cars in China in June, an increase of 145% over the previous month.
$Tesla(TSLA.US)$
In June, the wholesale sales volume of new energy passenger vehicles reached 571,000 units, up 141.4% year on year and 35.3% month on month. Under the vehicle purchase tax halving policy, not only were new energy vehicles not affected, but the month-on-month improvement exceeded expectations.
In January-June, 2,467 million new energy passenger vehicles were sold, an increase of 122.9% over the previous year. In June, retail sales of new energy passenger vehicles reached 532,000 units, up 130.8% year on year and 47.6% month on month, forming a “W-type” trend in January-June. In January-June, domestic retail sales of new energy passenger vehicles were 2.248,000 units, up 122.5% year on year.
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