According to data from the China Passenger Car Association (CPCA), from December 1-28, national passenger vehicle retail sales reached 1.928 million units, a 17% year-over-year decrease compared to the same period in December last year, and a 3% decrease compared to the same period last month. Year-to-date cumulative retail sales reached 23.411 million units, a 4% year-over-year increase. From December 1-28, national passenger vehicle wholesale sales by manufacturers reached 2.134 million units, a 19% year-over-year decrease compared to the same period in December last year, and a 19% decrease compared to the same period last month. Year-to-date cumulative wholesale sales reached 28.899 million units, an 8% year-over-year increase. From December 1-28, national new energy passenger vehicle retail sales reached 1.192 million units, a 5% year-over-year increase compared to the same period in December last year, and a 1% increase compared to the same period last month. Year-to-date cumulative retail sales reached 12.664 million units, an 18% year-over-year increase. From December 1-28, national new energy passenger vehicle wholesale sales by manufacturers reached 1.261 million units, a 4% year-over-year decrease compared to the same period in December last year, and a 16% decrease compared to the same period last month. Year-to-date cumulative wholesale sales reached 15.017 million units, a 25% year-over-year increase. From December 1-28, the penetration rate of new energy passenger vehicle retail sales in the national passenger vehicle market was 61.8%. From December 1-28, the penetration rate of new energy passenger vehicle wholesale sales by manufacturers in the national passenger vehicle market was 59.1%. (CPCA)