The CPCA is a prominent platform for information exchange and market research within the Chinese automotive industry. Here's what you need to know:
1. Origins and Evolution:
Founded in 1994 as the Passenger Car Market Information Joint Committee, it later joined the China Automobile Dealers Association (CADA) in 2009.
Over time, it transformed into the CPCA, focusing on market research and insights.
2. Membership and Coverage:
The CPCA includes various passenger car manufacturers, some commercial vehicle manufacturers, and emerging players in the automotive industry.
Its members cover both established brands and new forces in the market.
3. Data Reporting:
The CPCA collects and reports sales data from its member automakers.
These data include both wholesale and retail figures, specifically for passenger cars (excluding commercial vehicles).
4. New Energy Vehicles (NEVs):
The CPCA closely tracks NEVs, which have seen remarkable growth in China.
In 2022, they estimated that China would sell a record 6 million electric vehicles (EVs).
5. Market Insights:
Regularly, the CPCA releases rankings of top-selling models and automakers.
Their insights provide valuable information on trends, consumer behavior, and policy impact.
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