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CPCA May Lower Car Sales Forecast on Uncertain External Environment
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According to data released by the China Passenger Car Association (CPCA), based on the strong performance of the passenger vehicle (PV) data in February 2025, driven by the trade-in subsidy policy boosting new energy vehicle sales and the overall robust performance of passenger vehicles in February, and considering the favorable policy direction of national promotional policies in 2025 and future environmental change trends, the CPCA's forecasting team raised in mid-March the industry's annual forecast for 2025 in light of the unexpected increase in February and the rolling forecast for the next four months.

With the uncertain external environment at the beginning of April, there is also a possibility of downward adjustments in future forecasts.

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