Overview

• Passenger-car retail reached 2.239 million units for September, up 6% year over year and 11% from August, with year-to-date retail at 17.004 million, up 9%.
• Manufacturers’ wholesale totaled 2.770 million units, up 11% year over year and 12% month over month, bringing year-to-date wholesale to 20.812 million, up 13%.
• NEV retail hit 1.307 million units, up 16% year over year and 17% month over month, with retail penetration at 58.5% and year-to-date NEV retail at 8.878 million, up 24%.
• NEV wholesale reached 1.489 million units, up 21% year over year and 15% month over month, with wholesale penetration at 53.8% and year-to-date NEV wholesale at 10.433 million, up 32%.
• The CPCA cited the seasonal sales peak, full rollout of national subsidies, concentrated local incentives and the looming end of a purchase-tax exemption as drivers, while warning that local subsidy designs skew toward higher-priced models and could limit adoption in smaller markets.