New-vehicle sales will drop 5.9% in June, trade group projects

Retail sales of new passenger vehicles in China will decrease 5.9 percent in June, ending a rebound that stretched three straight months, the China Automobile Dealers Association said.

The trade group predicts that 1.83 million sedans, crossovers, SUVs and multipurpose vehicles will be delivered industrywide this month.

In contrast to the decline in the overall market, retail sales of electrified vehicles including full electric vehicles and plug-in hybrids will jump 26 percent to roughly 670,000, the CADA said.

From March to May, China’s new-vehicle market staged a strong rebound due to favorable comparisons to the same pandemic-hit period in 2022.