乘联分会：4月狭义乘用车零售预计175万辆，新能源预计90万辆

Core Insights - In March, the retail sales of narrow-sense passenger vehicles reached 1.937 million units, showing a year-on-year increase of 14.3% and a month-on-month increase of 39.9%, indicating a high level compared to recent years [1] - The retail sales of new energy vehicles (NEVs) for the entire month were 990,000 units, with a penetration rate climbing to approximately 51.2%, reflecting a significant post-holiday market characteristic [1] - In the first quarter, the total sales of narrow-sense passenger vehicles amounted to 5.117 million units, representing a year-on-year increase of 5.8%, while NEV sales reached 2.419 million units, up 36.4% year-on-year, with a penetration rate of 47.3% [1] - Preliminary estimates for April suggest that the total retail market scale for narrow-sense passenger vehicles will be around 1.75 million units, marking a year-on-year growth of 14.4% but a month-on-month decline of 9.8%, with NEV retail expected to reach 900,000 units and a penetration rate of 51.4% [1]