Zhong Guo Zhi Liang Xin Wen Wang·2025-05-21 09:03Core Viewpoint - The domestic narrow passenger car market in April saw retail sales reach 1.755 million units, marking a year-on-year increase of 14.5%, although it experienced a month-on-month decline of 9.4%. This growth rate is the highest for April in nearly a decade, indicating a reduction in the quarterly cyclical fluctuations of the automotive market [1]. Group 1: Sales Performance - In April, retail sales for sedans reached 821,000 units, up 13.3% year-on-year but down 9.0% month-on-month. Cumulative sales from January to April totaled 3.214 million units, reflecting a year-on-year increase of 19.5% [3]. - SUV sales were 847,000 units in April, showing a year-on-year increase of 16.4% and a month-on-month decline of 10.4%. Cumulative sales for the first four months reached 3.340 million units, with a year-on-year increase of 7.2% [3]. - New energy vehicles (NEVs) led the sales growth in April, with 905,000 units sold, representing a year-on-year increase of 33.9% [3]. Group 2: Brand Performance - Domestic brands performed strongly in the NEV and export markets, achieving retail sales of 1.15 million units in April, a year-on-year increase of 31%. Their market share rose to 65.5%, an increase of 8 percentage points year-on-year [4]. - BYD emerged as the sales champion in April with 268,778 units sold, a year-on-year increase of 5.8%, capturing a market share of 15.3% [5]. - Geely Automotive followed with retail sales of 209,979 units, marking a significant year-on-year increase of 81.4%, boosting its market share from 10.1% to 12.0% [5]. - FAW-Volkswagen was the only major automaker to experience a decline in sales, with 110,506 units sold, down 7.2% year-on-year [7]. Group 3: NEV Market Dynamics - In the NEV segment, BYD maintained its lead with sales of 268,778 units, up 5.8% year-on-year. Geely ranked second with 118,813 units sold, a remarkable year-on-year increase of 141.7% [15][16]. - The third to fifth positions in NEV sales were held by Changan Automobile, SAIC-GM Wuling, and Chery Automobile, with sales of 60,606, 51,828, and 36,977 units respectively [16]. - New entrants like Xiaomi and Leap Motor also showed impressive growth, with Xiaomi's sales increasing by 305% to 28,585 units and Leap Motor's sales rising by 88.7% to 28,317 units [20].