Cui Dongshu, the secretary-general of the Passenger Vehicle Association, stated that after the Spring Festival in April 2025, the Passenger Vehicle market in China will recover strongly, but the RBOB Gasoline vehicle market will trend weakly, with New energy Fund becoming the core growth Block Orders.
智通财经APP获悉，乘联分会秘书长崔东树发文称，2025年4月的中国乘用车市场春节后恢复较强，但燃油车市场走势较弱，新能源成为核心增长主力。2025年4月乘用车零售增14%，大幅高于批发11%的增长。由新能源较强带来4月SUV需求占比回升，4月轿车零售稍低于SUV零售，SUV成为4月零售主力，SUV的高端表现较强，轿车中主要是A00级轿车销量回升， A0级轿车销量表现也较好。
1. Trends in the economy Passenger Vehicle market
1. Performance of A00 class sedan market
A00级轿车2025年4月批发0.1497 million台，占批发份额15.65%，批发较去年同期同比增长101%，批发环比今年上月增长12%;2025年4月零售较去年同期同比增长67%，零售环比今年上月下降13%。2025年1-4月批发数量0.5176 million台，厂家批发销售累计增幅89%;2025年1-4月国内零售数量0.4182 million台，零售累计增幅55%。
The A00 class market has returned to the competitive landscape of 20 years ago, with good products from companies like Xiali, Chery, Geely, Changan, and BYD. Recently, diversified A00 class Block Orders and new products from BYD, Geely, Changan, Chery, and FAW Bestune have performed outstandingly, and the micro electric vehicle sector is gradually reflecting its growth potential.
2. Market trends of main models in the A0 class passenger vehicles.
In April 2025, the wholesale of A0-level cars reached 0.13 million units, accounting for a wholesale share of 13.69%. The wholesale saw a year-on-year growth of 94% compared to the same period last year, and a month-on-month increase of 6% from last month. Retail in April 2025 experienced an 84% year-on-year growth compared to the same period last year, while the month-on-month retail decreased by 8% from last month. From January to April 2025, the wholesale quantity was 0.4262 million units, with a cumulative increase of 55% in manufacturer wholesale sales. From January to April 2025, domestic retail quantity reached 0.2713 million units, with a cumulative increase of 64% in retail.
The characteristics of self-owned electric vehicles replacing RBOB Gasoline vehicles are evident, with a shift in the competitive landscape from joint ventures dominating to self-owned brands taking the lead. Initially, Japanese brands Toyota and Honda maintained a strong position, while in recent years, the trend for self-owned RBOB Gasoline small entry-level cars has been relatively difficult.
The trend towards full electrification of A0 class passenger vehicles is evident, with virtually no strong RBOB Gasoline vehicle products, showcasing the distinct advantages of self-owned pure electric products.
3. Sales trend of A0 class SUVs.
In April 2025, the wholesale of A0 class SUVs was 0.1646 million units, accounting for a 14.45% share of wholesale, which decreased by 4% year-on-year compared to the same period last year, and fell 10% month-on-month compared to last month. Retail in April 2025 grew by 2% year-on-year compared to the same period last year, but decreased 15% month-on-month compared to last month. From January to April 2025, the wholesale number was 0.6358 million units, with a cumulative increase of 4% in wholesale sales by manufacturers. From January to April 2025, domestic retail number was 0.3744 million units, with a cumulative increase of 4% in retail.
主流小型SUV的日韩系基本退出市场，自主的电动车表现较强。
二、A级乘用车市场走势
1、紧凑型轿车主力车型市场走势
In April 2025, the wholesale of A-class sedans was 0.3089 million units, accounting for a 32.28% share of wholesale, which decreased by 11% year-on-year compared to the same period last year, and fell 19% month-on-month compared to last month. Retail in April 2025 decreased by 2% year-on-year compared to the same period last year, and fell 8% month-on-month compared to last month. From January to April 2025, the wholesale number was 1.2455 million units, with a cumulative decrease of 7% in wholesale sales by manufacturers. From January to April 2025, domestic retail number was 1.1997 million units, with a cumulative decrease of 8% in retail.
2024年主流轿车市场的新能源占据主导地位，其中比亚迪绝对领先。2025年初燃油车市场阶段性回暖，而大众的燃油车仍有一定的市场空间，主流家用车仍是燃油车最实用。
2. Market trends of Block Orders compact SUV models.
In April 2025, wholesale of A-class SUVs reached 0.6388 million units, accounting for 56.06% of the wholesale market share, representing an 8% year-on-year increase compared to the same period last year, while month-on-month it decreased by 12% compared to last month. Retail in April 2025 increased by 17% year-on-year compared to the same period last year, with a month-on-month decrease of 11% compared to last month. From January to April 2025, wholesale quantity totaled 2.6203 million units, with a cumulative increase of 13% in manufacturer wholesale sales. Domestic retail number from January to April 2025 was 1.8792 million units, with a cumulative increase of 9%.
The landscape of the mainstream SUV market is changing rapidly, with strong performances from BYD, Geely, Changan, and Chery's SUVs achieving a comprehensive breakthrough for domestic SUVs both at home and abroad.
3. Market trends of B-class Passenger Vehicles.
1. Market trends of B-class sedans.
In April 2025, wholesale of B-class sedans reached 0.3123 million units, accounting for 32.63% of the wholesale market share, representing a 3% year-on-year increase compared to the same period last year, while month-on-month it decreased by 11% compared to last month. Retail in April 2025 increased by 8% year-on-year compared to the same period last year, with a month-on-month decrease of 9% compared to last month. From January to April 2025, wholesale quantity totaled 1.2296 million units, with a cumulative increase of 6% in manufacturer wholesale sales. Domestic retail number from January to April 2025 was 1.113 million units, with a cumulative increase of 11%.
The high-end sedan market of Japanese brands is rapidly shrinking, while the high-end domestic new energy vehicles are quickly rising, especially in the high-end market for ride-hailing services which has been captured by domestic electric vehicles.
2. Trends in the B-Class SUV market.
In April 2025, the wholesale of B-level SUVs was 0.2819 million units, accounting for a wholesale share of 24.74%, with a year-on-year increase of 18% compared to the same period last year, while it decreased by 8% compared to last month; retail in April 2025 increased by 21% year-on-year, but decreased by 14% compared to last month. From January to April 2025, the wholesale quantity was 1.0649 million units, with a cumulative increase of 5% in wholesale sales; the domestic retail quantity from January to April 2025 was 0.9488 million units, with a cumulative increase of 5%.
The high-end SUV market for domestic new energy vehicles is rapidly rising, while the competitive advantage of traditional RBOB Gasoline vehicles is weakening; recently, the situation has improved for high-end brands like BMW.
3. Trends in the B-Class and above MPV market.
In April 2025, the wholesale of B-level MPVs was 0.0522 million units, accounting for a wholesale share of 55.63%, with a year-on-year increase of 10% compared to the same period last year, while it decreased by 10% compared to last month; retail in April 2025 increased by 2% year-on-year, but grew by 1% compared to last month. From January to April 2025, the wholesale quantity was 0.2156 million units, with a cumulative increase of 27% in wholesale sales; the domestic retail quantity from January to April 2025 was 0.1767 million units, with a cumulative increase of 3%.
The MPV market's phase of high growth has changed to a low growth trend. BYD, along with Tengshi and Chuanqi, has shown exceptionally strong performance in the MPV segment, while the advantages of Japanese MPVs are rapidly declining, and the GL8 has recently performed well.
