In the first two weeks of May, domestic sales of new energy vehicles reached 217,000 units, a 17% increase compared to the previous period

Domestic sales of new energy vehicles reached 217,000 units in the first two weeks of May, up 17% from the previous period

【PhoneAuto News】On May 19th, according to the latest data from China Association of Automobile Manufacturers, the domestic retail sales of passenger cars reached 706,000 units in the first two weeks of May (May 1st to 14th), an increase of 55% compared to the same period last year, and an increase of 24% compared to the same period last month. Among them, the retail sales of new energy vehicles reached 217,000 units, an increase of 101% compared to the same period last year, and an increase of 17% compared to the same period last month. The cumulative retail sales for this year reached 2.06 million units, an increase of 41% compared to the same period last year.

Specifically, the national daily average retail sales of passenger cars in the first week of May was 54,000 units, an increase of 67% compared to the same period last year, and an increase of 46% compared to the same period last month. The national daily average retail sales of passenger cars in the second week of May was 47,000 units, an increase of 44% compared to the same period last year, and an increase of 5% compared to the same period last month.

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The China Association of Automobile Manufacturers believes that as the intensity of the price war gradually subsides, the mentality of dealers is gradually stabilizing, consumers are returning to rational consumption, and the wait-and-see mentality is being relieved, which has released some of the suppressed demand in the early stage. At the same time, during the “May Day” period, some local governments and manufacturers offered temporary subsidies, and the “May Day” auto show had a strong short-term market promotion effect, causing the market to explode at the beginning of May. It is expected that “May Day” orders will be gradually released, which will benefit the entire May market.

According to the previous data from the China Association of Automobile Manufacturers, the domestic retail sales of passenger cars in April reached 1.63 million units, an increase of 55.5% compared to the same period last year, and an increase of 2.5% compared to the same period last month. The wholesale sales of new energy passenger cars in April reached 607,000 units, an increase of 115.6% compared to the same period last year, and a decrease of 1.7% compared to the same period last month; the retail sales of new energy vehicles reached 527,000 units, accounting for approximately 32%, an increase of 85.6% compared to the same period last year, and a decrease of 3.6% compared to the same period last month. At present, in the first two weeks of May, the domestic retail sales of new energy vehicles have not yet reached half of last month, so the next two weeks are crucial.

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