In March, passenger car retail sales in China reached 1.94 million units, a year-on-year increase of 14.4% and a month-on-month increase of 40.2%, bringing 2025 Q1βs cumulative retail volume to 5.127 million units, a year-on-year increase of 6.0%, according to the China Passenger Car Association (CPCA). The March retail sales were only slightly lower than the peak of 1.98 million in March 2018.
| Passenger Vehicles | Sales Volume | Y-on-Y Change | Production Volume | Y-on-Y Change |
| Sedan and hatchback | 902,000 | 14.3% | 1.046 million | 8.7% |
| SUV | 949,000 | 16.7% | 1.257 million | 9.2% |
| MPV | 89,000 | -4.6% | 108,000 | 7.3% |
| Total | 1.94 million | 14.4% | 2.412 million | 8.9% |
In particular, 991,000 new energy passenger vehicles were sold in March, up 38.0% year-on-year and 45.0% month-on-month; bringing the quarterly cumulative retail volume to 2.42 million units, a year-on-year increase of 36.4%. Additionally, 143,000 new energy passenger vehicles were exported, a year-on-year increase of 6.4% and a month-on-month increase of 21.2%, with pure electric vehicles accounting for 62% of the total. The quarterly cumulative export volume was 401,000 vehicles, a year-on-year increase of 19.8%.
| Ranking | Brands | Sales Volume | Market Share | Y-on-Y Change |
| 1 | BYD | 290,000 | 15% | 11.5% |
| 2 | Geely | 195,000 | 10.1% | 70.5% |
| 3 | FAW-Volkswagen | 130,000 | 6.7% | -7.8% |
| 4 | Chery | 119,000 | 6.2% | 58.6% |
| 5 | Changan | 111,000 | 5.7% | 7.2% |
| 6 | SAIC-Volkswagen | 91,000 | 4.7% | 3.9% |
| 7 | SGMW | 81,000 | 4.2% | 55.8% |
| 8 | Tesla China | 74,000 | 3.8% | 18.8% |
| 9 | FAW-Toyota | 71,000 | 3.7% | 22.6% |
| 10 | GAC-Toyota | 66,000 | 3.4% | 19.3% |
Domestic Chinese automakers retailed 1.22 million vehicles, a year-on-year increase of 31% and a month-on-month increase of 33%, accounting for 62.7% of the market share, a year-on-year increase of 7.7%. In contrast, joint venture brands sold 480,000 vehicles in March, a year-on-year decrease of 4% and up 45% month-on-month, among which Japanese brands saw the largest decline, with a retail share of 12.2%.
Source: CPCA, Xchuxing
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